Last suede-leather dry cleaner closing

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Last Suede, Leather Dry Cleaner Closing

In the 1980s and 1990s, East Vancouver's Ace of Suedes had 22 employees, but the work slowly dried up as the price of mass-produced leather jackets dropped and at the same time, labour costs increased. Source: Vancouver Sun, December 29, 2016

Explain the effects in the dry-cleaning market of:

a. Rising labour costs.

b. A drop in the price of mass-produced leather jackets.

c. Rising labour costs and the falling price of mass-produced leather jackets.

Reference no: EM132786019

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