Answered

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What action would the store owner most likely take ?

Sagot :

The store owner would most likely raise the price of the spring jeans to encourage producers.

In this case, the store will probably hold a special sale to let customers know that the previous jeans inventory will be sold out starting in the spring. is freed up for new jeans.

There is a shortage of production when the market price falls below the equilibrium price where the supply and demand of the product match. This is because consumers are willing to buy more and suppliers are willing to offer lower prices.

To know more about prices, visit:-

https://brainly.com/question/19091385

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