Create a supply curve. In one or two sentences, explain how quantity supplied and price are related in your example.

Social Studies

2 answers:

Sonja [21]2 years ago

7 0

As the quantity supplied goes up, the price goes up, to increase profits. As the quantity goes down, the price stays high, to maintain profits. Eventually, if the quantity stays high, the price goes down to maintain sales.

aleksandrvk [35]2 years ago

3 0

A supply function represents the quantity of a certain good or service that producers are willing to supply at different prices level, as shown in the photo attached where a supply curve has been graphed.

The law of supply states that there is a direct relationship between price and quantity supplied (ceteris paribus, hence, if everything else remains equal). Therefore, when the market price increases, so does the amount that producers desire to supply.

You might be interested in

“The continuation of authority in one individual has frequently been the undoing of democratic governments. Repeated elections a

Colt1911 [192]

dont worry im here to help

the answer is B. Democratic governments r doomed to fail because they give too much authority to one leader

3 0

3 years ago

In paragraph form, and in at least 250 words, describe the Columbian Exchange, and provide examples of the major things exchange

sasho [114]

Answer and explanation:

The Columbian exchange or Columbian interchange is a term named after Christopher Columbus. It refers to the colonization and subsequent trade that began with Columbus's trip in 1492. The Columbian exchange involved the Americas, Europe, and West Africa during the 15th and 16th centuries, and resulted in an extensive transfer that greatly impacted all involved. The term contemplates not only the trade of goods, but also of animals, people, cultures, and even diseases. Some of the major things exchanged were domesticated animals - horse, donkey, chicken, cattle, turkey, parrots, guinea pig, etc. -, and fruits and plants - acai, avocado, broccoli, celery, carrot, chia, pecan, oregano, etc. It's worth remembering that products were exported to and from both the New and the Old Word. A side effect of such contact between different continents and people was the transfer of diseases. Indigenous people in the Americas were decimated by the illnesses transmitted by colonizers. The exchange of cultures had a great impact on both Europe and North America. Enslaved Africans brought their knowledge concerning agrarian practices such as water control and milling. Europe began shifting towards Capitalism and was the subject of population growth due to the availability of new products and crops. Colonizers introduced European values to indigenous nations, ranging from land possession and division to monogamy. There was a noticeable disrupt in ecosystems, since the trade of animals brought in invasive species - a species that is not native and, for that reason, tends to spread and damage the environment.

6 0

3 years ago

Why is the influence of alcohol especially dangerous for teen drivers?

bazaltina [42]

They could get in a car crash, kill themselves or hurt some on else

7 0

3 years ago

How can opportunity cost shape a economic decision?

Korolek [52]

Answer:

Opportunity cost is the cost of a foregone alternative. If you chose one alternative over another, then the cost of choosing that alternative is an opportunity cost. Opportunity cost is the benefits you lose by choosing one alternative over another one.

Hope it helps.

4 0

3 years ago

Ally’s father was sent to prison when she was 12 for the trafficking of narcotics; her brother was arrested when she was 13 for

sergij07 [2.7K]

Answer:

Differential association theory

Explanation:

Differential association theory: The theory is developed by Edwin Sutherland, and usually used in criminology.

According to this theory, an individual learns attitudes, values, motives, and techniques for any criminal behavior through association and engagement with that of other individuals. This happens because criminal behavior is believed to be a learned behavior, and thereby an individual develops the characteristics of a criminal because of recurrent criminal patterns. Although the criminal behavior of a person might differ in duration, priority, and intensity.

Ally’s experience is best described by differential association theory.

7 0

3 years ago