Answer:
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Explanation:
Answer:
Explanation:
m -margherita pizza
c- cheese
Jan, 350m +200c =550 supply
Feb, 441m +252c =693 supply
from (month 1, 550) to (month 2, 693)
slope = 693-550/2-1 = 143
the slope is positive and is m= 143
It is important for a novice entrepreneur to build positive relationships with customers so as to understand their requirements, resolve their problems.
<h3>Who is an entrepreneur?</h3>
An entrepreneur serves as individuals that can take the risk of running a business and make decisions.
However, positive relationships with customers as entrepreneur helps to connect with customers on a much more personal level.
And this helps to create sense of mutual understanding with them.
When Learn more about entrepreneur at;
brainly.com/question/16397886
The correct statements are:<span>
</span>
<span>An increase in price leads to a decrease in quantity demanded
</span>
and
<span>A decrease in price leads to an increase in quantity demanded</span>
According to the laws of demand and supply, if the price of any product/service is increased there would naturally be less demand for such a product.
As a natural human response, we avoid products that get expensive and opt for cheaper options.
Also, if the price of a product/service decreases, there would be more demand for such a product as more people will be able to buy it.
