The chart shows a combined supply and demand schedule.

\begin{tabular}{|c|c|c|}
\hline
\begin{tabular}{c}
Price per Pair of \\
Running Shoes
\end{tabular} & Quantity Demanded & Quantity Supplied \\
\hline
[tex]$\$[/tex] 4500[tex]$ & 100 & 40 \\
\hline
$[/tex]\[tex]$ 7500$[/tex] & 80 & 50 \\
\hline
[tex]$\$[/tex] 10000[tex]$ & 60 & 60 \\
\hline
$[/tex]\[tex]$ 12500$[/tex] & 40 & 70 \\
\hline
[tex]$\$[/tex] 15000[tex]$ & 20 & 80 \\
\hline
\end{tabular}

According to this table, what will happen when the price of a pair of shoes rises from $[/tex]\[tex]$ 100$[/tex] to [tex]$\$[/tex] 125$?

A. The cost to make a pair of shoes will rise.
B. A scarcity of shoes will result.
C. Profits from selling shoes will increase.
D. Consumers will want to buy fewer pairs of shoes.



Answer :

When analyzing what happens to the quantity demanded and supplied when the price of a pair of shoes rises from [tex]$100 to $[/tex]125, let's observe the trends provided in the table.

From the given table, we can see the following relationship:

- As the price per pair of running shoes increases, the quantity demanded decreases.
- As the price per pair of running shoes increases, the quantity supplied increases.

Now, let's consider the scenario where the price rises from [tex]$100 to $[/tex]125 while following the observed trend:

1. Price increase from [tex]$100 to $[/tex]125:
- Quantity Demanded: Given the trend in the table, an increase in price generally leads to a decrease in quantity demanded. If the price rises from [tex]$100 to $[/tex]125, consumers will want to buy fewer pairs of shoes.
- Quantity Supplied: Following the same trend, an increase in price typically results in an increase in quantity supplied. This means that as the price rises from [tex]$100 to $[/tex]125, suppliers will be willing to supply more pairs of shoes.

With that said, given the data trends and focusing on the primary effect on the consumer behavior:

- Consumers will want to buy fewer pairs of shoes.

Thus, the correct answer is:
- Consumers will want to buy fewer pairs of shoes.