It has been stated under the law of supply that as the price of a good rises, the quantity supplied of the good in the market starts to increase. Therefore, the option D holds true.
<h3>What is the significance of law of supply?</h3>
The law of supply can be referred to or considered as the law under an economy that represents the relationship between price and quantity of a good in the market during a given time. According to this law, when price decreases, the supply is also decreased, and vice versa.
Therefore, the option D holds true and states regarding the significance of law of supply.
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The missing options to the incomplete question have been added below for better reference.
The law of supply states that as the price of a good rises, the quantity supplied of that good
Disappears.
Decreases.
Remains the same.
Increases
The dimension that is being referred to the statement above
is the reference dimension. It is because this is a dimension in which only
provides information to the individual and that there is reasons or definition
that contains this dimension in means of providing explanation or information.
Answer:
Contribution margin = $16
Explanation:
Contribution is the difference between the selling price and the variable cost.
Contribution margin = (Sales - variable cost )
Variable cost = Variable manufacturing + Variable selling cost
Variable cost = 18 + (15%× 40) = 24
Contribution margin = 40 - 24 = $16
Contribution margin = $16
Answer: Supplier Dependence
Explanation:
Supplier Dependence is the level of trust a buyer places on their supplier, and the difficulty of the buyer to change their supplier. Supplier Dependence is built if the supplier is reliable and trustworthy in their dealings with consumers.
The effects of the following transactions on demand are:
- When small cars are treated as the more fashionable so the demand should be increased.
- When the price of large care rises so the demand should be increased.
- When income falls and the small cars should be inferior goods so the demand should be increased.
- The price of the small cars should be reduced so here the demand should be decreased.
- The gasoline price should fall so the demand can't be determined.
In this way, the effects should be done.
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