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Alina [70]
4 years ago
12

What is the relationship between supply and demand and price ?

Business
2 answers:
PolarNik [594]4 years ago
8 0
The higher the demand the more the price but if the supply gets tight then price goes up to push the supply enough to satisfy the demand
valina [46]4 years ago
5 0

The more supply the lower the price

The higher the demand the lower the supply

The higher price the lower the demand

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Answer:

Annual depreciation= $15,950

Explanation:

Giving the following information:

On January 2, 2017, the Matthews Band acquires sound equipment for concert performances for $65,800.

The band estimates it will use this equipment for four years. It estimates that after four years it can sell the equipment for $2,000.

We need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (65,800 - 2,000)/4= $15,950

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Answer:

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Paul [167]

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