1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
professor190 [17]
2 years ago
13

According to the principles of supply and demand, why is it that as the price of a product increases, the amount supplied will a

lso increase?
Business
1 answer:
Nezavi [6.7K]2 years ago
6 0

According to the principles of supply and demand,  the price of a product increases, the amount supplied will also increase because there is positive relationship between price and quantity supplied.

<h3>Why when price increases supply also increases?</h3>

Economists States that there is a positive relationship between price and quantity supplied—that means a higher price leads to a higher quantity supplied and a lower price leads to a lower quantity supplied.

Principle of supply states that at a higher price, a producer is willing to produce more of a good.

Principle of demand states that at a higher price, a consumer is less willing to purchase a good.

Learn more about the principles of supply and demand here:-

brainly.com/question/1967319

#SPJ1

You might be interested in
Employees and customers are treated like a family at State Street Coffee House. Jason and Jill, the owners, work to encourage un
qaws [65]

Answer: (D) Clan culture

Explanation:

The clan culture is one of the type of friendly type corporate environment in an organization and it is also known as collaborative culture. Clan culture is one of the element of corporate clan culture model.  

There are many types of advantage of clan culture in an organization are as follows:

  • Clear communication
  • Increase in company productivity
  • Increase in organization growth

According to the question, Jason and the Jill are the owner of the company an they always encourage and also motivate their employees. They also try to increase the job satisfaction among the employees and they try to built the clan culture in the company.

Therefore, Option (D) is correct.

3 0
3 years ago
More free points here u go
Dovator [93]

Answer:

khsusbxndkskxcndkzkzkeond

7 0
4 years ago
Read 2 more answers
A map from trade development commissions or chamber of commerce can be more useful that google maps for identifying
Marrrta [24]

A map from trade development commissions or chamber of commerce can help identify <em>major areas of commerce and location.</em>

Explanation:

Google map helps with location of building but will not give information about the commerce aspect of the building.

But since the Trade Development Commission has exclusive responsibility to provide that, then it will be more useful to identify major areas of commerce and their locations.

#learnwithbrainly

8 0
3 years ago
Indigo insurance is about to begin using a program that will change the way its adjusters settle insurance claims. Adjusters wil
Ipatiy [6.2K]

The new system may not operate as intended, but other insurance companies have found success using this strategy despite employee doubts. The new initiative at Indigo Insurance is a cutting-edge transformation.

An opening maneuver took charge and tried to resolve the problem is called initiative. Taking up an additional duty in work, college, school, or home. Initiative means adopting a new pastime or interest. doing what you know is healthy for you, even if it means stepping outside of your comfort zone is called initiative. A way to control your risk is through insurance. When you obtain insurance, you safeguard yourself against unforeseen financial losses. If something unfavorable occurs to you, the insurance company pays you or a person of your choice. If an accident occurs and you don't have insurance, you can be liable for all expenses.

Learn more about insurance here

brainly.com/question/27822778

#SPJ4

8 0
1 year ago
Balance Sheet Jack and Jill Corporation's year-end 2009 balance sheet lists current assets of $245,000, fixed assets of $795,000
777dan777 [17]

Answer:

$554,000

Explanation:

Accounting Equation is;

Total Assets=Total liabilities+ Total Stockholders' Equity

$245,000+$795,000=$191,000+$295,000+ Total Stockholders' equity

Total Stockholders' equity =$245,000+$795,000-$191,000-$295,000

Total Stockholders' equity=$554,000

8 0
3 years ago
Other questions:
  • he value of a share of common stock depends on the cash flows it is expected to provide, and those flows consist of two elements
    14·1 answer
  • The costs and revenues associated with two alternatives are listed below:
    13·1 answer
  • Probett's Auto Body Repair Shop had revenues that averaged $90,000 per week in April and $80,000 per week in May. During both mo
    15·1 answer
  • Under U.S. GAAP, if the carrying value of a fixed asset was $50,000, the undiscounted expected future cash flows was $55,000, th
    13·2 answers
  • You are a technical analyst for computer networking solutions for businesses. A client of yours owns a catering business that is
    9·2 answers
  • Channel richness is, in part, determined by the ability to facilitate rapid, two-way feedback.
    7·1 answer
  • Mary makes monthly deposits of $450 at the end of each month over 25 consecutive years to support her retirement. If the account
    12·1 answer
  • Assess how the leadership team you designate will affect organizational performance in the short-term and the long-term.
    8·1 answer
  • You purchased one corn future contract at $2.29 per bushel. What would be your profit (loss) at maturity if the corn spot price
    13·1 answer
  • Describe three different expenses associated with restaurants. Choose one of these expenses, and discuss how a manager could han
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!