please answer this question

please answer this question 0• Suppose there a favourable change in fashion for ieans as people have started greferring jeans. At the same time the row material for making jeans has become cheaper? Will affect the equilit;rium price & equilibrium quantity of jeans in the market.

Dear Student,

Since there are a favourable taste and preferences the demand will increase, since then the cost of raw-materials has reduced the supply will also increase as a result there are 3 effects that may happen,

Regards.

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