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Nataly [62]
4 years ago
10

What is the difference between the law of supply and the law of demand

Business
1 answer:
Lyrx [107]4 years ago
5 0

Answer:

The law of supply states that the quantity of a good supplied (i.e., the amount owners or producers offer for sale) rises as the market price rises, and falls as the price falls. Conversely, the law of demand (see demand) says that the quantity of a good demanded falls as the price rises, and vice versa.

Explanation:

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Which reason is most important for performing an inventory and making photographs of equipment?
olasank [31]
An inventory refers to a detailed list of materials and goods in stock. These items are to be later sold or repaired. It is important to perform an inventory and to take photos of the equipment for taxing purposes, i<span>n case of possible damage or theft, and when deciding whether to purchase additional equipment.</span> 
5 0
3 years ago
Tony's Beach T-Shirts has fixed annual operating costs of $75,000. Tony retails his T-shirts for $14.99 each and the variable co
Andreyy89

Answer:

$112.425

Explanation:

breakeven is

first we need to understand the concept of breakeven:

breakeven in sales makes reference to the amount of revenue in dollars at which a company has a profit of zero ($0.00). covering the underlying fixed expenses of a busines

with this concept we have that :

Total Costs   = fixed annual operating cost + variable cost + sold units

Revenue = Total Costs

14.99 * sold units = 75,000 + 4.99 * units

10 * sold units = 75,000

breakeven  = 7,500  units

now we can have the breakeven in dollars doing the convertion

breakeven = breakeven in units * prices

breakeven= 7,500 units * $14.99/unit  

breakeven = $112,425

8 0
3 years ago
A frozen food manufacturer can produce either pizzas or calzones. As the result of an increase in the price of calzones, the fir
goldfiish [28.3K]

Answer:

More supply of calzones

Explanation:

The increase in the price of calzones has resulted in an increase in the supply of calzones. The company can produce either pizzas or calzones; the increase in the supply of calzones will decrease the supply of pizzas. Overall, price and supply have a positive relationship which is why the increase in prices has increased the supply of calzones.

6 0
3 years ago
A person's debt ratio shows the relationship between debt and net worth. the lower the ratio the
SOVA2 [1]

<span>A person's debt ratio shows the relationship between debt and net worth. The lower the ratio the better off the person is financially. </span>

When you are in good financial standing, if it necessary to have a low debt ratio. The debt ratio is how much debt to income or net worth someone has. When you have a low debt ratio you are often approved for larger loans and can sustain financial freedom more easily. 

4 0
3 years ago
At january 31, 2015, the balance in aislers inc.’s supplies account was $750. during february, aislers purchased supplies of $90
netineya [11]
Beginning balance 750
Add supplies purchase 900
Less supplies used 1125

Supplies on hand at the end of february is
750+900−1,125=525...answer

Hope it helps!
3 0
4 years ago
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