a clothing store has ordered a new supply of jeans for the fall season and wants to sell off the remaining…

a clothing store has ordered a new supply of jeans for the fall season and wants to sell off the remaining items from the previous spring. what action would the store owner most likely take? the store owner would most likely raise the price of the spring jeans to encourage producers. the store owner would most likely lower the price of the spring jeans to encourage producers. the store owner would most likely raise the price of the spring jeans to encourage consumers. the store owner would most likely lower the price of the spring jeans to encourage consumers.

a clothing store has ordered a new supply of jeans for the fall season and wants to sell off the remaining items from the previous spring. what action would the store owner most likely take? the store owner would most likely raise the price of the spring jeans to encourage producers. the store owner would most likely lower the price of the spring jeans to encourage producers. the store owner would most likely raise the price of the spring jeans to encourage consumers. the store owner would most likely lower the price of the spring jeans to encourage consumers.

Answer

Brief Explanations:

The store wants to sell off remaining spring - season jeans. According to the law of demand in economics, lower prices encourage consumers to buy more. Raising prices would likely reduce demand, and the goal is to sell the existing stock, not to encourage producers.

Answer:

The store owner would most likely lower the price of the spring jeans to encourage consumers.