What would happen to the price of a pair of jeans if the following happened?
Belts for jeans went up?
Many styles of jeans are introduced?
A new sewing machine is invented and will reduce production costs?
The age of jean buyers increases and they do not like your style of jeans?
See the attached word document. Basically you are looking at the effects of implicit variables on ...
Implicit variables on supply and demand are examined.