Question
Last Suede, Leather Dry Cleaner Closing In the 1980s and 1990s, East Vancouver's Ace of Suedes had 22 employees, but the work slowly dried up
Last Suede, Leather Dry Cleaner Closing
In the 1980s and 1990s, East Vancouver's Ace of Suedes had 22 employees, but the work slowly
dried up as the price of mass-produced leather jackets dropped and at the same time, labour
costs increased.Source: Vancouver Sun, December 29, 2016
Explain the effects in the dry-cleaning market of:
a. Rising labour costs.
b. A drop in the price of mass-produced leather jackets.
c. Rising labour costs and the falling price of mass-produced leather jackets.
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
2nd edition
1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025
