Guide :High School

Suppose you are a T-shirt producer in a market without price controls. You are charging a price that is below the equilibrium price for T-shirts. Market

Suppose you are a T-shirt producer in a market without price controls. You are charging a price that is below the equilibrium price for T-shirts. Market pressures will eventually _____ the price of yo
Market pressures will most likely increase the price of the shirts. It is because the demand for the shirt would eventually increase and according to the supply-demand curve, the price would increase. The concepts of the supply-demand curve are essential when entering the marketing industry. ...

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