The Law of Supply states that __________________ of a product will be offered at a high price and __________________ of a product will be offered at a low price

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Answer 1

There are a lot of laws. The Law of Supply states that as prices rise, the quantity supplied increases and as prices fall, the quantity supplied decreases.

What is the law of supply?

The law of supply is known to be a popular microeconomic law that states that, when all other factors are equal, the price of a good or service goes up, the quantity of goods or services that suppliers gives will also goes up, and vice versa.

The Law of Supply  in simple terms is as prices rise, the quantity supplied goes up and as prices fall, the quantity supplied lowers. The law of supply makes sure that producers make a lot of money as much as possible.

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Related Questions

Why is it a good idea to shop at the same two or three stores from week to week?

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Answer:

It is good to shop at the same shop 2-3 times a week so the business can build a Business 2 Customer relationship, and also to gain points and rewards when you go and come back to the shop to entice you into coming and recommending to a friend.

Explanation:

Texas star oil won the bid to build an oil facility for a host country government. However, the execution of the contract has been delayed due to bureaucratic procedures in the less-developed nation. In order to legally overcome this problem, texas star oil could resort to the payment of:.

Answers

The Texas star oil could have to resort to the payment of speed money in order to legally overcome the problem.

What is a speed money?

A speed money refers to a money paid to speed up some tasks or operations that are been delayed intentionally by someone or some company.

Because of the pending bureaucratic procedures which made the execution of the contract to be delayed, the option of Speed money is most viable option for Texas Star oil.

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Flexible payments that change from month to month are referred to as: Multiple Choice budget variance. cash flow. fixed expenses. insolvency. variable expenses.

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The Variable Expenses is an expense of flexible payments that change from month to month.

What is Variable Expenses?

A variable expenses is an expenses that change over time such as sales commissions, direct labor costs, cost of raw materials etc.

Hence, the variable expenses is the expense of flexible payments that change from month to month.

Therefore, the Option E is correct.

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Managing a small business became relatively easy with the advent of inexpensive personal computers. Inexpensive computer systems and off-the-shelf or even free, open-source software make it easy for the small business manager to:

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Inexpensive computer systems and off-the-shelf software make managing small businesses easier by easily tracking daily sales and expenses and managing customer records.

Organizational automation

Intelligent information systems help the management of an organization by processing a large amount of data and transforming it into relevant information.

The information provided by software helps in faster and more reliable decision making, allowing for increased productivity, quality and providing continuous improvement in all processes.

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What is an example of a critical tool most small businesses would use for marketing?


a company website


internet telephone


skyp


dropbox

Answers

Answer:

a company website

Explanation:

this is so they can post it everywhere and people use this a lot for small businesses and big companies.

The Work in Process Inventory account is found only in the ledgers of manufacturing companies. True False

Answers

It is false that Work in Process Inventory account is found only in the ledgers of manufacturing companies.

What is work in process?

Work in process refers to goods that are still being manufactured-not yet completed goods. This means that the goods are not yet fully produced but still at the stage of production.

Work in process comprises all inventory ranging from the beginning stage between raw materials inventory  to be used and final products.

Hence, It is false that Work in Process Inventory account is found only in the ledgers of manufacturing companies.

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During the need-fulfillment stage of the trust-based relationship selling presentation format, _____.

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The salesperson should speak more during the need-fulfillment stage of the sales presentation format based on the trusted relationship.

What is the need-fulfillment stage?

It is the last step of the sales process, where the seller will demonstrate, through technical explanation and demonstration of use, the benefits of the product and how they will satisfy the buyer's need.

Therefore, it is at need-fulfillment stage that the salesperson must use the relationship of trust with the customer to generate persuasion and make the sale.

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General Motors got in trouble with one of its suppliers of trim because: a. It increased volumes so much that the supplier was no longer profitable b. It allowed its supplier to become too dependent upon it c. The supplier filed bankruptcy and ceased operations d. All of the above e. Only b and c

Answers

The reason General Motors got into trouble with a supplier was that a. It increased volumes so much that the supplier was no longer profitable.

What did General Motors do?

In order to gain more customers, General Motors began demanding more trim in its vehicles.

Trim, which refers to including a lot of features in a car to make it more attractive, can be expensive to make. When General Motors made the supplier produce a lot of it, the supplier stopped making profit.

In conclusion, option A is correct.

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The expenses involved in going into business, such as buying a space and purchasing equipment, are examples of
a.
marketing funds
b. start-up costs
financial plans
d. operating expenses
C.
Please select the best answer from the choices provided
A
ОВ
Оооо,
0 0
D

Answers

for the first section it's b but i don't understand the other bit

Taco Bell fast-food restaurant does not chop the lettuce and tomatoes and grate the cheese used to make its menu items, but hires someone outside the restaurant to perform these tasks. By _____ these tasks, Taco Bell can keep its overhead low and concentrate its resources on taking customer orders and assembling food.
A. outsondling.
B. unbundling.
C. remarketing.
D. demarketing.
E. insourcing.

Answers

If the company  hires someone outside the restaurant to perform these tasks. By  outsourcing  these tasks, Taco Bell can keep its overhead low and concentrate its resources on taking customer orders and assembling food.

What is outsourcing?

Outsourcing can be defined as the way in which a company or an organization decide to employ someone from outside of their organization to work from them.

Example a company can decide to outsource a person to work for them if they have too many uncompleted tasks to complete or when they have limited staff.

Therefore we can conclude that outsourcing has to do with recruiting someone outside a workplace.

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The amount of money a consumer has left after paying for food, clothing, and shelter is referred to as:

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The amount of money a consumer has left after paying for food, clothing, and shelter is referred to as Disposable Income.

What is disposable income?

Disposable income is the excess income that remains after the consumer or income earner has paid for the necessities of life.  The necessities of life include food, clothing, and shelter.

The consumer can use the disposable income to build up their budget and increase their savings.

Disposable income can be differentiated from discretionary income.  Discretionary income includes the amount of income that the consumer can further spend, invest, or save after the payment of taxes and personal necessities.

Thus, the amount of money a consumer has left after paying for food, clothing, and shelter is referred to as Disposable Income.

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a telephone cost $250. the sales tax is 7.5 . what was the cost of the telephone including sales tax

Answers

Answer:

268.75

Explanation: The sales tax should be 18.75

How long after the irs accepts your return will it be approved?.

Answers

Answer:

When you receive confirmation that the IRS accepted your return, it means that they have reviewed your return, and it has passed their initial inspection. They verify your personal information and other basic items, like if your dependents have already been claimed by someone else.

Explanation:

A group of private wealthy investors who help entrepreneurs finance a new business by investing anywhere from $50,000 to $2 million are called _____.

a. miracle investors
b. angel investors
c. angel investors
d. rich investors
e. none of the above

Answers

The answer is b, angel investors

A manager acting in the role of a resource allocator will Group of answer choices decide how resources will be distributed among various individuals and groups within the organization. identify the various suppliers the organization will utilize to acquire resources. choose the best resources to most effectively and efficiently produce the organization's product or service. verify the quality of resources that pass through the organization. determine how organizational resources will be released in the environment.

Answers

The best way to decide the allocation of resources is to ensure that it identifies the best resources required for it to produce quality products and services. The answer, thus, is C.

What is the Allocation of resources?

Allocation of resources has been defined as the distribution or apportionment of a company's productive assets across various uses.

This is important because, usually, the uses are many but the resources are limited.

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How is the housing industry related to the economy? If the economy is doing well, what types of homes are being constructed and purchased? What if the economy is doing badly? Other than housing, what additional industries might the economy impact?

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The housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.

What is housing industry?

An housing industry is an industry that encompasses building of housing. construction, engaging in commercial housing activities etc.

Generally, when an economy is doing well, it will be favorable to build house of high value as its gives higher confidence in the industry and economy,

Also, the additional industries that impact an economy includes Healthcare, Technology, Retail, Manufacturing industry etc

In conclusion, the housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.

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A low-cost provider strategy becomes increasingly appealing and competitively powerful when.

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A low-cost provider strategy is said to be more increasingly appealing and competitively powerful only when it is difficult to achieve product differentiation in ways that have value to buyers.

What is Low-Cost Provider Strategy?

A low-cost provider is known to be a method used when one aim or try to seeks to sell its products at the lowest price possible.

It is often done while still making a profit so that it can appeal to customers and make them to come to the market. It is known to often appeal to a broad market.

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I need help with this last question can someone please help

Answers

Answer:

hope it helps

Explanation:

b. name of the benificiars/ insured

________ is the degree to which an innovation fits the values and experiences of potential consumers.

Answers

Answer:

Compatibility is the degree to which an innovation fits the values and experiences of potential customers.

The degree to which an innovation is compatible with the existing values, past experiences, and needs of potential adopters is referred to as compatibility.

Compatibility is the degree to which an innovation fits the values and experiences of potential consumers.

Is the degree to which a new innovation fits with the values of potential customers?The degree to which an innovation is compatible with the existing values, past experiences, and needs of potential adopters is referred to as compatibility.Divisibility. The extent to which the innovation can be tested on a limited scale.Observability. The degree to which the outcomes or benefits of implementing an innovation are visible to potential adopters is referred to as observability.The degree to which an innovation fits the values and experiences of potential consumers is referred to as compatibility. It is one of the product characteristics that influence the adoption rate because consumers will only gradually begin to adopt a product if it is incompatible with their mindset.

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The less specific you are while writing your business messages, the greater the possibility that your readers will.

Answers

Not understand the messages or commands being given. They could choose to not ask for further information thus making it a higher chance they they will make a mistake.

Having the resources, information, and attitudes that allow you to take action to achieve a desired goal is called __________. a. organization b. self-confidence c. empowerment d. an action plan

Answers

Answer:

b. pa brainliest po plss

Bianca is a product engineer at Argon Inc. She learns that the salary she receives is less than that received by the other product engineers in the company with similar qualifications and job experience as hers. As a result, she becomes unhappy with her compensation and feels demotivated. She later talks to her manager and asks for a raise. In this scenario, Bianca has experienced problems with _____.

Answers

In this scenario in which Bianca is unhappy with her remuneration and feels unmotivated, it can be said that she had problems with her internal equity.

Definition of internal equity

In a work environment, it means the form of treatment and equal remuneration of employees, whether related to salaries, benefits or internal relationship.

Therefore, in an organization with internal equity problems, there may be conflicts, demotivation and an increase in employee turnover, being essential the analysis and effective decision-making of the leader to solve this issue.

The correct answer is:

Internal equity

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Timeturner corp. Is a company based in the united states that manufactures luxury wrist watches. By western standards, if the company uses sweatshop labor to make these watches, it is most likely to be considered:.

Answers

The action that's illustrated by the company by using sweatshop labor to make these watches us unethical.

What is ethics?

It should be noted that ethics simply means the act of knowing right from wrong.

Ethics is important in business to portray a good image. In this case, the company uses sweatshop labor to make these watches, it is most likely to be considered unethical. This is bad for the image of the company.

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What is the term for forecasts used for making day-to-day decisions about meeting demand?.

Answers

Tactical forecasts

Tactical forecasts are used for making day to day decisions about meeting demand

Which type of employee fraud is the most frequent? Question 48 options: A) Billing B) Expense reimbursement C) Skimming D) Non-cash E) Payroll

Answers

The type of employee fraud that is most frequent is Expense reimbursement fraud.

What leads to Expense reimbursement fraud?

This refers to fraud or misappropriation that occurs when an employee overstates the amount of cash required to execute a business activity or that they have spent in executing an assignment for the company/ business.

Examples of business expense reimbursements are:

Travel and food allowanceshealthcare costscommunication expenses etc. Therefore, the correct answer is B.

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In business strategy, ___________ strategy centers on how a firm will compete in a given industry and will position itself against its competitors.Group of answer choices FunctionalDivisional Corporate Business-unit

Answers

It should be noted that business strategy, Functional strategycenters on how a firm will compete.

What is Functional strategy?

This is the strategy used by business to be able to compete in a highly compitive environment.

Therefore, it is required by company

in a given industry to position itself against its competitors.

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According to the segment, which of the following is NOT a way to plan and prepare
for an assignment?
Brainstorming
Strengthening
Editing
Structuring

Answers

a way to not plan or repair is editing

From the following ways to organize and get ready for an assignment is not the section Editing Option (C) is hence the appropriate response.

A legal phrase, "assignment," is employed in the context of contract and property law. A person, known as the assignor, transfers rights or advantages to another, known as the assignee, through the assignment procedure in both situations.

Without the express consent of the assignee, a responsibility, burden, or disadvantage may not be transferred during an assignment. The benefit or right being transferred may be a gift (such as a waiver) or it may be exchanged for a monetary payment under a contract.

The rights could be contingent or vested and could even include an equitable organize stake.

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Julie stops at the grocery store to purchase detergent. Tide is her favorite brand, but if another detergent is less expensive, she buys it. This is an example of _____.

Answers

It’s Brand preference

Marie contracts to buy coffee beans for her store from Owen. The contract price is $5.00 per pound. Owen breaches the contract and delivers no coffee. Marie'sdamages will be:

Answers

Answer:

d. the difference between the market price of

the coffee and the contract price.

Explanation:

Damages can be described as the loss caused

by a breach of a contract. They are measured

and expressed in monetary units. Damages

arise because one person in a contract has

not fulfilled their obligation. As a resut, the

innocent party suffers losses or injury.

Damage compensation should take an injured

party to where they should have been if the

contract was not breached. For Marie, If the

contract was not breached, she would have

bought the coffee at $5 per pound. Her

damages would be the difference between thne

price she eventually paid for the coffee, and

the contract price of $5.

What is opportunity cost? and why does it matter when it comes to personal finances?

Answers

Answer:

represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

Explanation:

Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. Because opportunity costs are, by definition, unseen, they can be easily overlooked.

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