The demand curve in Figure 3P-1 shows the monthly market for sweaters at a local clothing store.

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The demand curve in Figure 3P-1 shows the monthly market for sweaters at a local clothing store. For each of the following events, draw the new outcome.
a. Sweaters fall out of fashion.
b. There is a shortage of wool.
c. The winter is particularly long and cold this year.
d. Sweater vendors offer a sale.
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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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