Question

A clothing store has ordered a new supply of jeans for the fall season and wants to sell off the remaining items from the previous spring. What action would the store owner most likely take? The store owner would most likely raise the price of the spring jeans to encourage producers. The store owner would most likely lower the price of the spring jeans to encourage producers. The store owner would most likely raise the price of the spring jeans to encourage consumers. The store owner would most likely lower the price of the spring jeans to encourage consumers

Answer 1

The action that the store owner would likely take is that : The store owner would most likely lower the price of the spring jeans to encourage consumers.

What is supply?

Supply refers to the quantity of goods that a seller is willing to sell at a given price in a given period of time. It has a positive relationship with price of commodity, which means supply increases with increase in the commodity's price.

There is also law of supply which states that the quantity of a good supplied increases as the price increases and vice versa.

Hence, the action that the store owner would likely take is that : The store owner would most likely lower the price of the spring jeans to encourage consumers.

Learn more about supply here : https://brainly.com/question/11310119

Answer 2

Answer:

D

Explanation: