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.
