Strategic partnerships are seen as one of the foundations of supply chain management.
Answer:
The answer is C. Boning knife
D. 16,110
39,000+9,250=48,250
48,250-(850+290)=47,110
47,110-31,000=16,110
Answer: demand decreases and supply stays the same
Explanation:
The equilibrium price refers to the price whereby the quantity of goods that's demanded and the quantity of goods that's supplied is equal.
On the other hand, the equilibrium quantity is gotten when the quantity of goods demanded and supplied are equal. This is gotten when the demand curve and the supply curve intersects.
It should be noted that there will be a lower equilibrium price and quantity if
In a situation whereby the demand increases and the supply remains the same, the equilibrium quantity and the equilibrium price will increase and vice versa.
