Asked by
Fernanda Fernandez
on Dec 11, 2024Verified
Which of the following would reduce the supply of baseball hats?
A) An increase in the demand for baseball hats.
B) A new tax imposed on the producers of baseball hats.
C) A reduction in the price of cloth used to make baseball hats.
D) All of the above.
Tax
A mandatory monetary fee or different kind of tax enforced on a taxpayer by a government entity.
Supply
The aggregate supply of a distinct item or service offered to purchasers.
Cloth
A material made from fibers, woven or knitted together, used to make garments and other items.
- Perceive the reasons behind fluctuations in supply and demand.
Verified Answer
AM
Learning Objectives
- Perceive the reasons behind fluctuations in supply and demand.