Elucidate what would happen to the price of a pair of jeans

Reference no: EM1338328

effects of implicit variables on supply and demand

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?
Unemployment decreases?

Reference no: EM1338328

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