Celebrity Endorsement Effect On Supply
Suppose a celebrity known for fashion advice publicly praises a specific scarf she is wearing. What is the most likely effect on the supply of that scarf?
A
The supply of the scarf will not be affected.
B
It depends on the demand curve; if the demand curve shifts to the left, supply will increase.
C
It will increase because price and supply both increase as the demand for a product increases.
D
It will decrease because demand will rise and consumers will purchase the available inventory.
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