Answer: The supply curve will shift ot the left if wages paid to milkshake makers increase.
When the wages paid to workers increase, the cost of producing a product also increases.
If the supplier continues to sell at the price before the wage increase, he will earn less profits than before, so he will not be motivated to produce as many units of the product as he was producing before.
In order to produce as many units as he was producing before the wage increase, he will look achieve the at least the same amount of profit as before. So, he’ll be willing to supply the same quantity of goods only at a higher price per unit. Hence the supply curve will shift to the left.
Tanger owner when is noches
Answer:
Quantity demanded is the amount of a good that buyers are willing and able to purchase at a particular price. Many things determine demand, but only price can determine the quantity demanded of a specific good. If you have the money and are willing to buy 2 ice cream cones a week, at $2 per cone, the quantity demanded would be 2 cones a week. Now, what happens if the price increases to $4 a cone? If you are like most people, the quantity of ice cream cones you demand will decrease as the price rises. In this case, assume your quantity demanded is now only 1 cone a week, which is what you are willing and able to buy. Notice that as the price of the cones increases, the quantity of ice cream cones demanded decreases. This means quantity demanded is negatively related to price-which means they have an inverse relationship. Economists refer to this relationship as the law of demand. The law of demand states that, other things being equal, when the price of a good rises, the quantity demanded of that good falls. The reverse is also true-when the price of a good falls, the quantity demanded of that good rises. The combination of the quantities people are willing and able to buy of a good or service at various prices constitutes a demand schedule. When the demand schedule is graphed, the demand curve is downward sloping.
Operational plans.
These are plans that spell out the processes and tactics that each department will use to achieve its goals
