Between 2003 and 2005, there was huge growth in the market for premium blue jeans priced at $200 or more per pair. Popular magazines showing celebrities wearing certain brands largely fueled the growth. Then, in the summer of 2005, major department stores started cutting prices on the jeans; they were also found on websites that offer jeans at discount prices. Use the economic concepts that you learned to describe what is happening in this market.

Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.