Garrett’s Tea Corp. plans to increase profits by providing custom tea blends to the various countries it sells to. The company w
1 answer:
You might be interested in
Answer:
in the explanation we can see the relationship between supply and demand.
Explanation:
The question is not clear, because some elements are missing. However, this is a situation where we want to describe the relationship between supply and demand for 3d TVs and how this varies if there is an increase in demand.
So let's analyze it in general terms.
Be D=Demand, E=equilibrium , P=Price, Q=Quantity.
Since Tabitha now earns more, she decides to buy a TV, then this increases demand (D2), which causes the equilibrium point (which in the graph corresponds to the intersection of the supply and demand curves) to change (E2). Thus, the higher the demand, the higher the price.
