Answer:
D. The supply of jeans is unchanged and the quantity of jeans supplied increases
Explanation:
According to the law of supply if the price of the good increased than the quantity supplied is also increased and vice versa i.e it shows the direct relationship between the quantity supplied and the price
So since the price of the jeans is rises so the quantity supplied is also raised without impact the supply of jeans
Hence, the correct option is D.
B. The prevailing circumstances act as stimuli to the buyer's responses
Explanation:
Circumstances the buyer finds himself can determine a buyer's response.
For example if the buyer finds that he needs the product or service for him/her to have comfort or even to continue living it will stimulate him/her to make the purchase.
#learnwithbrainly
Answer:
The number of units sold in 2016 is 12,058 units
Explanation:
The number of units sold in the year 2016 is simply the total revenue in 2016 divided by selling price per unit.
Total revenue =net income+total variable cost+total fixed cost
net income for 2016 is $152,800
assuming X units were sold
total variable cost =$92*X
fIxed cost =$570,700
total revenue=$152*X
152X=152800+92X+570700
152X-92X=152800+570700
60X =723500
X =723500
/60
X=12058.33
Alternatively, the number of units sold is total contribution divided by contribution per unit
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