How has the growing popularity of factory outlet stores affected the market for clothing at retail department stores?
A)The demand curve for clothing at retail department stores shifts to the right.
B)The demand curve for clothing at retail department stores shifts to the left.
C)The supply curve for clothing at retail department stores shifts to the right.
D)The supply curve for clothing at retail department stores shifts to the left.

Question

Quizplus · Accepted Answer

The growing popularity of factory outlet stores provides consumers with a cheaper option for purchasing clothing, leading to a decrease in demand for clothing at retail department stores, causing a leftward shift in the demand curve. As a result, retail department stores may have to lower their prices or offer promotions to attract more customers.

How Has the Growing Popularity of Factory Outlet Stores Affected