A town recently experienced a population decrease in 3 to 4 sentences explain the effect of this population decrease on the demand for clothes and tell how the situation might affect the demand curve

Respuesta :

In this case we can infer that, by decreasing the demand (population), the supplying of clothes increases, generating a decrease in the prices of the products, thus causing the demand curve to move to the left, causing the bidders to reduce production costs.

Answer:

In this scenario, we may deduce that by lowering demand (population), the supply of clothing grows, resulting in lower product prices, leading the demand curve to shift to the left, causing bidders to lower production costs.

Explanation:

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