7 1.During the pandemic, more people pursue a healthylifestyle by going more hiking. At the same time,there is an improvement in sport shoe makingmachines which enables firms to produce sport shoesmore efficiently.The retail association reports that the average price of sport shoes drops slightlydespite the above events. Draw a supply-and-demand diagram to illustrate itseffects on the equilibrium price and quantity of the sport shoe market. Briefly

Introduction: In the above question, there is an improvement on the sports shoe making machine so…

Answered: During the pandemic, more people pursue…

MARKETING 2018

19th Edition

ISBN:9780357033753

Author:Pride

Publisher:Pride

Chapter14: Marketing Channels And Supply Chain Management

Section14.1: Taza Cultivates Channel Relationships With Chocolate

Problem 1VC

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During the pandemic, more people pursue a healthy lifestyle by going more hiking. At the same time, there is an improvement in sport shoe making machines which enables firms to produce sport shoes more efficiently. The retail association reports that the average price of sport shoes drops slightly