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ivolga24 [154]
3 years ago
12

Describe the slope of the supply curve. How does the slope reflect the law of supply?

Business
2 answers:
juin [17]3 years ago
8 0

Answer:

Like the law of demand, the law of supply demonstrates the quantities that will be sold at a certain price. But unlike the law of demand, the supply relationship shows an upward slope. This means that the higher the price, the higher the quantity supplied.

tensa zangetsu [6.8K]3 years ago
6 0

Answer:

Like the law of demand, the law of supply demonstrates the quantities that will be sold at a certain price. But unlike the law of demand, the supply relationship shows an upward slope. This means that the higher the price, the higher the quantity supplied.

The upward slope of the supply curve illustrates the law of supply—that a higher price leads to a higher quantity supplied, and vice versa. The shape of supply curves will vary somewhat according to the product: steeper, flatter, straighter, or more curved.

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Sillytime Park competes with Splash World by providing a variety of rides. Sillytime sells tickets at $ 60 per person as aâ one-
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Answer:

BEP 378,000

Explanation:

\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}

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