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dimaraw [331]
3 years ago
11

Why are supply and demand curves sloping in opposite directions?

Business
1 answer:
Aliun [14]3 years ago
6 0

The first law of demand states that as price increases, less quantity is demanded. This is why the demand curve slopes down to the right. Because price and quantity move in opposite directions on the demand curve, the price elasticity of demand is always negative.

plz mark me as brainliest :)

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Erica's Country Furniture sells wooden chairs for $179.49. It buys the chairs from a craft shop for $87.49 each. Its overhead ra
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Answer:

60.28%

Explanation:

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buying price per chair = $87.49

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total cost price per chair =  $87.49 + $24.4972

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profit per chair

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