Question

Two months ago, the Maryville Shirt company sold 2,000 shirts at $30 per shirt. Last month the company raised its price to $35 per shirt and sold 3,000 shirts. Evidently the company experienced a(n)__________

Answer 1

Answer:

B. Increase in demand

Explanation:

Provided that

2 months ago,

The number of shirts sold = 2,000

Price per shirt = $30

Last month

The number of shirts sold = 3,000

Price per shirt = $35

As we can see that the demand is increased from 2,000 shirts to 3,000 shirts due to which the company changes its price from $30 per shirt to $35 per shirt.

So, ultimately the demand is increased