Business, 17.09.2021 16:00 mandy9386

The chart shows a combined supply and demand schedule. A 3-column table has 5 rows. The first column is labeled Price per Pair of Running Shoes with entries 45 dollars, 75 dollars, 100 dollars, 125 dollars, and 150 dollars. The second column is labeled Quantity Demanded with entries 100, 80, 60, 40, 20. The third column is labeled Quantity Supplied with entries 40, 50, 60, 70, 80.

According to this table, what will happen when the price of a pair of shoes rises from $100 to $125?

The cost to make a pair of shoes will rise.
A scarcity of shoes will result.
Profits from selling shoes will increase.
Consumers will want to buy fewer pairs of shoes

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The chart shows a combined supply and demand schedule. A 3-column table has 5 rows. The first colu...

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