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Given below are the demand schedule and supply schedule for this product for one year. what are the two factors that could shift supply in
Given below are the demand schedule and supply schedule for this product for one year.
what are the two factors that could shift supply in the market for leather jackets. Provide an example for each and state whether supply would shift up or down.
Price | Quantity Demanded |
$160 | 450,000 |
$250 | 325,000 |
$325 | 285,000 |
$500 | 245,000 |
$700 | 205,000 |
$950 | 175,000 |
$1,200 | 100,000 |
$1,500 | 55,000 |
Price | Quantity Supplied |
$160 | 50,000 |
$250 | 75,000 |
$325 | 125,000 |
$500 | 160,000 |
$700 | 205,000 |
$950 | 300,000 |
$1,200 | 450,000 |
$1,500 | 525,000 |
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