nguyentramanh10399 nguyentramanh10399
  • 15-06-2021
  • Social Studies
contestada

When price increases by 1%, quantity supplied increases by 2%. What does this mean?

Respuesta :

ashish4112119
ashish4112119 ashish4112119
  • 15-06-2021

Answer:

this is law of supply

more money then more of a supply attempt

Explanation:

when dealing with percents its great to use the number 100 to get a better understanding

word percent means per 100

so a price is $100 and it increases 1% then its $101

if a supply is 100 and it increases 2% then it's 102

so with an increase in price there is an increase in supply

this is the law of supply

sellers want mpre profit

Answer Link

Otras preguntas

A basketball backboard set that sold for $79 is dicounted 15%. What is the sale price?
Color blindness is a sex-linked recessive trait. A mother with normal color vision and a color blind father have a color blind daughter. Which of the following
can some o e help me with 7 please this is due tommorow
Convert 2.05 x 10^5 seconds into years
what is the circulatory system's function?  :) A. It removes cellular waste from the blood and converts it to urine. B. It exchanges carbon dioxide and oxygen i
A brownie recipe requires 2 3/4 cup of sugar to one cup of chocolate chips. If 3 2/3 cup of sugar is used, how many chocolate chips are needed for the recipe
How do i factor 15xy 18x?
2 1/2 yards the cost was 15$ cost per yard
the sitting unit for distance is the kilometer
What is one way to increase the amplitude of a wave in a medium