Marilyn operates a store called the gift garden. her store sells pottery, candles, crafts, and other knickknacks that make good gifts for family and friends. the gift garden is a traditional speciality store.
What is traditional speciality store?A traditional specialty retailer works with businesses like retailers of jewelry, clothing, and athletic goods that carry a prop up or support the narrow product mix with vast product lines. Due to their focus on a specific product line or category, these classic specialized shops are often known as limited-line stores. The classic specialty merchants offer products for shopping that fall under a specialized product category and range. Because they have great experience and are experts in a certain line of products, they are able to invest in the product knowledge training of their team. They generally work with retail companies that concentrate on a particular product line or set of product categories, including apparel, office supplies, etc.Learn more about the speciality store with the help of the given link:
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Suppose that when the price of good x falls from $6 to $4, the quantity demanded of good y rises from 30 units to 40 units. Using the midpoint method, the cross-price elasticity of demand is?.
-0.71, and X and Y complement each other.
Using a straightforward formula, what is the price elasticity of demand in this range when the product price drops from $40 to $30 and the quantity desired increases from 500 to 600 units?The price elasticity of demand in this range, according to a straightforward formula, is: -0.25.
When a product's price drops from $90 to $80, demand increases by 600 to 700 units. The demand-price elasticity is?The amount requested increases from 600 to 700 units when the product price drops from $90 to $80. This range's -1.50.
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an account is described as: multiple choice question. the relationship between assets and liabilities and owner's equity written records of the assets, liabilities, and owner's equity of a business an entry on the left side a statement to test the accuracy of total debits and credits after transactions have been recorded
Option A is correct. An account is a record in an accounting gadget that tracks the monetary things to do of a precise asset, liability, equity, revenue, or expense. These records enlarge and limit as the commercial enterprise events appear in the course of the accounting period.
What is the use of an account?In accounting, an account is used for recording a dollar balance and a history of adjustments to that balance.
The dollar stability may be associated with an proper financial institution account, or it may additionally characterize the money owed you by way of a client. It may also characterize income, expenses, or the price of assets that you own.
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https://brainly.com/question/25746199#SPJ4Three years ago, kenesha purchased $2,000 worth of stock in a major u. S. Corporation. Today, kenesha decides to sell all her shares for $15,000. Kenesha will be subject to.
Kenesha will be subject to Long term capital gains of $ 13,000.
When the stock is held for more than 24 month then the gain on the sales of stock are long term capital gain.
Long term capital gain = Sale Price - Purchase Price
= 15,000 - 2,000
= $13,000
The value difference between the sale price and the acquisition price is used to calculate the long-term capital gain or loss. The amount here represents the investor's net gain or loss from selling the asset. The net gain or loss a shareholder incurred upon the sale of an asset held for less than a year is short-term capital gains or losses. Long-term capital gains are subject to a lower tax rate from the Internal Revenue Service (IRS) than are short-term capital gains.
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How+much+will+your+monthly+payment+be+if+you+purchase+a+home+for+$221,000+and+you+finance+$200,000+for+30+years+at+4.8%?
$1,049.33. So, N will be 30 years x12 months per year = 360 months.
Monthly PaymentYour monthly payment is what you deliver to the lender each month to reimburse your loan. The amount you expend every month relies on the terms of your mortgage loan. The I/Y will be 4.8%/12 = 0.4% per month. Keep in mind you are only investing $200,000 of the home's purchase cost.
The calculator inputs will be;
PV = $200,000
N = 360
I/Y = .4
FV = 0
Solve for PMT = -1,049.33
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assume that kubin company produced 17,000 units and expects to sell 16,740 of them. if a new customer unexpectedly emerges and expresses interest in buying the 260 extra units that have been produced by the company and that would otherwise remain unsold, what incremental selling and administrative cost per unit is incurred to sell these units to the customer?
The incremental and administrative cost per unit to sell the extra 260 units is 0.
Costs that are added or incurred as a result of producing or offering more units of a product or service are known as incremental costs.
To sell more units to clients, there is no increase in manufacturing costs per unit. This is due to the fact that 260 extra units were already manufactured and were intended to go unsold because, out of 17000 units, only 16740 were anticipated to be sold. However, the customer arrived unannounced and wanted 260 items that would have otherwise gone unsold. This eventually lead to a benefit for the company and saved them a lot of costs that would have been incurred in selling those extra 260 units.
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a consultant studying turnover at apple computer by reviewing the orientation procedures and initial training for new hires illustrates the aspect of organizational behavior.
The individual-organizational interface part of organisational behaviour is shown by a consultant who looked at the orientation process and first training for new recruits while researching attrition at Apple Computer.
Interventions at the Individual-Organizational Interface (IOI) frequently entail educator capacity building and cooperative problem-solving exercises that assist staff in adapting to or meeting workplace expectations. the value of investigating organisational behaviour. Fundamentally, organisational behaviour investigates how social and environmental elements affect how people behave either individually or in groups. An organization's effectiveness is greatly influenced by how its members cooperate, engage, and communicate. According to organisational behaviour, incentives are crucial components of employee motivation for displaying good performance. The way that organisations behave affects how people make decisions. Businesses that can make it a part of their company culture to encourage taking risks when making decisions may boost innovation and creativity.Know more about organisational behaviour:
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HELP ASAP
Debra is making jewelry to sell at a craft fair. The price of the metal she uses to make her bracelets just went up. This means that Debra will have to charge more per bracelet. This is an example of which type of pricing factor? Choose the answer.
This means that Debra will have to charge more per bracelet. This is an example of production cost pricing factor.
Production cost can be defined as those cost that are involve with producing or manufacturing goods and services and this cost includes the materials, labor among others that a company used when producing goods and services.
Based on the scenario production cost is the type of pricing factor due to the fact that since the cost of production has increase Debra has to increase the amount she charge so as to prevent loss because if the cost of production is higher than the revenue or profit it will lead to loss.
Therefore If Debra is making jewelry to sell at a craft fair. The price of the metal she uses to make her bracelets just went up. This means that Debra will have to charge more per bracelet. This is an example of production cost pricing factor.
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Suppose+you+inherited+$275,000+and+invested+it+at+8.25%+per+year.+how+much+could+you+withdraw+at+the+end+of+each+of+the+next+20+years?
a. 31,457
b. 28,532
c. 34,681
d. 29,959
e. 33,030
The correct answer is [b] 28,532.
We can withdraw Rs. 28,532 at the end of each of the next 20 years.
What is domain finance/ annuity?Finance Domain term is generally used to refer to skills and jobs that fall under the finance industry or financial services. There is a potential source of confusion regarding what we refer to with term Finance Domain.
On one hand, there is a function called finance that is common to all business enterprises, in every industry, and on the other hand, we have financial institutions. The knowledge of the finance domain enables possible career paths within financial services industry or with financial institutions.
In domain of finance, an annuity is a sequence of payments occurring at equal intervals for a given investment horizon. The value of annuity corresponding to a given present investment is governed by factors such as the interest rate and periodicity of the annuity.
The domain name is integral intangible asset.
A communication tool allowing to establish its identity on Internet and gain a digital territory; A legal element through temporary contract with an Internet Registry; A financial asset, accountable as an intangible asset under the certain conditions
The formula for amount that can be withdrawn at the beginning of each of the next 20 years is given as:
Where;
R =the annual withdrawal
i = the interest rate = 8.25%
P =the Principal amount = $275,000
n =the number of years = 20
R=8.25%/{1-(1+8.25%)} * 25000
=28,532
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The time value of money means that money can be invested today to earn interest and grow to a larger amount in the future.
a. true
b. false
The given statement of time value of money is true.
Time value of money
The notion of time value of money (TVM) states that an amount of money is worth more now than it will be at a later period due to its earning potential in the interim. The time value of money is a fundamental financial notion. A sum of money in one's hand is worth more than the identical sum paid in the future. The present discounted value is another term for the time value of money.
The time value of money is a financial principle that argues that the current value of a dollar is greater than the future value of a dollar.
This theory holds true since money invested today can potentially develop into a larger sum in the future.
Hence, the given sentence is true.
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pugh co. reported the following in its statement of stockholders' equity on january 1, year 2: common stock, $5 par value, authorized 200,000 shares, issued 100,000 shares $500,000 additional paid-in capital 1,500,000 retained earnings 516,000 $2,516,000 less treasury stock, at cost, 5,000 shares (40,000) total stockholders' equity $2,476,000 the following events occurred in year 2: may 1 - 1,000 shares of treasury stock were sold for $10,000. july 9 - 10,000 shares of previously unissued common stock were sold for $12 per share. october 1 - the distribution of a 2-for-1 stock split resulted in the common stock's per share par value being halved. pugh accounts for treasury stock under the cost method. laws in the state of pugh's incorporation protect shares held in treasury from dilution when stock dividends or stock splits are declared. in pugh's december 31, year 2, statement of stockholders' equity, the par value of the issued common stock should be
the per value of the issued common stock should be $212,000
On January 1, there were 95,000 shares outstanding (100,000 issued – 5,000 treasury shares). That number was raised to 106,000 shares (95,000 + 1,000 + 10,000) by the sale of treasury stock and the issuing of previously unissued shares. The number of outstanding shares increased to 212,000 (106,000 shares multiplied by 2).
Equity held by shareholders refers to the sum that a company's founders have contributed to the enterprise. This covers the funds they have personally invested as well as the total amount of profits the business has generated and reinvested since its establishment. Additionally, the assets of the business are not the same as shareholders' equity. On a balance sheet, assets always equal liabilities plus shareholders' equity. Assets are what the company owns.
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Explain the difference between the elements of the communication process and the Communication process.
please gimme brainliest!
Answer:
seven
Explanation:
Seven major elements of communication process are: (1) sender (2) ideas (3) encoding (4) communication channel (5) receiver (6) decoding and (7) feedback.
Communication may be defined as a process concerning exchange of facts or ideas between persons holding different positions in an organisation to achieve mutual harmony. The communication process is dynamic in nature rather than a static phenomenon.
is a contemporary management approach that studies and identifies management activities that promote employee effectiveness by examining the complex and dynamic nature of individual, group, and organizational processes.
By examining the intricate and dynamic nature of the individual, group, and organisational processes, organisational behaviour is a modern management strategy that investigates and pinpoints management practises that increase employee performance.
What organization behave mean ?The study of how people interact with one another inside a group, such as a firm, is known as organisational behaviour. As a result, these encounters have an effect on the operation and conduct of the organisation as a whole.
These are proactive measures that aim to improve the situation for the individual, the group, or the organisation. A few of these qualities include issue selling, initiative, positive change-oriented communication, inventiveness, and proactive socialising.
With the intention of using this knowledge to boost an organization's effectiveness, OB within organisations seeks to satisfy both employee desires and organisational objectives. Individual, collective, and structural levels of behaviour in organisations are under the purview of OB.Learn more about Organizational behavior here:
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Parts for an automobile repair cost $175. The mechanic charges $35 per hour. If you receive an estimate for at least $245 and at most $315 for fixing the car, what is the time interval that the mechanic will be working on the job?.
The time interval for the mechanic for this job is at least 2 hours or at most 4 hours.
According to the given question parts for an automobile repair cost 175 dollars and the mechanic charges 35 dollars per hour.
Given the person receives a cost of at least 245 dollars.
The mechanic's total rate is (245 - 175) dollars which is = 70 dollars.
Also given the mechanic charges 35 dollars per hour so the time mechanic work for is at least (70/35) hours which is = 2 hours
In the later case when the owner receives a bill of 315 dollars the total rate of mechanic is
= (315 - 175) dollars.
= 140 dollars.
So, the mechanic has worked for (140/35) hours which is 4 hours.
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to what extent are we all being duped by product placement and false realities presented to us by commercial advertising and news media? what are the essential differences between the truman predicament and our own?
To some extent, we are deceived by product placements and false realities presented by commercial advertising and news media. The show is airing live 24/7, so product placement is an obvious option for advertising, as there is no way to interrupt the commercials.
Commercial advertising is defined as being delivered through cinematographic film or video media to attract consumer attention or convey consumer sentiment about the impact of a particular product, service, event, or thing. Means the intended advertising message.
Commercial Advertising means advertising for commercial gain that promotes or identifies goods and/or services as a result of the promotion of a company name, rather than advocating a social or political purpose. Commercial advertising means the promotion of products, services, and other advertising opportunities.
Commercial advertising includes radio, internet, and television advertising. Radio programs often benefit from the fact that companies can broadcast short commercials. Internet advertising, such as banners, online video ads, and text ads, is also common and a popular way to reach potential customers.
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on august 1, harvey company offered to pay $10,000 for equipment that was advertised as being sold for $20,000 by carrone company. the equipment had a retail value of $23,000 on that day. on august 10, carrone company offered to sell the equipment for $11,900, and harvey company agreed to buy it at that price. at what value will harvey company record the equipment on its books? a.$23,000 b.$10,000 c.$11,900 d.$20,000
On August 1, Harvey's company offered to pay $10,000 for equipment that was advertised as being sold for $20,000 by the current company $14,700.
Equipment is a tangible long-term asset that benefits a business over several years of use. Computers, trucks, and manufacturing machinery are all examples of equipment. They are tangible because they have a physical form unlike intangible assets (such as patents, trademarks or copyrights) that do not.
Cash paid to buy equipment = $14,700
Retail value of equipment = $23,000
Price offered by Harvey Company on August 1 = $13,000
Price advertised on August 1 by the seller = $19,000
Harvey company will record the equipment in its books at the price paid i.e $14,700.
The price offered by Harvey company or the price advertised by the seller is not the consideration price at which the transaction took place.
The correct option is a.
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over the next several years the number of corn producers is expected to increase. as a result, the supply of corn will and the supply curve of corn will .
Over the next few years, the number of corn growers is expected to increase. As a result, the corn supply increases, and the corn supply curve shifts to the right.
Explanation: Changes in supply lead to shifts in the supply curve, which causes market imbalances, which are corrected by changes in price and demand. An increase in supply change shifts the supply curve to the right and a decrease in supply shifts the supply curve to the left.
Corn, Zea mays, is a member of the grass family, sometimes eaten as a vegetable and sometimes as a grain, but botanists actually classify it as a fruit along with tomatoes, peppers, cucumbers, zucchini, etc. crush.
Due to its high fiber content, corn is the best grain for weight loss. Fiber aids digestion and facilitates weight loss. Corn is rich in antioxidants that improve metabolism. It is a human invention, a plant that does not naturally occur in the wild. Unless humans plant and protect them, they cannot survive. Scientists believe that people living in central Mexico evolved corn at least 7,000 years ago. It started with a wild grass called teosinte.
Corn is rich in vitamin C. Vitamin C is an antioxidant that protects cells from damage and prevents diseases such as cancer and heart disease. Yellow corn is a good source of lutein and zeaxanthin, carotenoids good for eye health, and helps prevent lens damage that can lead to cataracts.
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Marketers that set unrealistically high consumer expectations of a product through advertising, personal selling, or other types of promotion may generate higher initial sales, but it will eventually result in ________ if the product fails to achieve these expectations.
Marketers that set unrealistic high consumer expectations of a product through advertising, personal selling, or other types of promotion may have higher initial sales, but it will eventually result in post purchase dissatisfaction if the product fails to achieve these expectations.
Advertising is known as a tactic used to draw the public's attention to a certain commodity or service. A product, brand, or service is advertised to a viewing audience in order to catch their attention, encourage interaction, and increase sales.
Post-purchase dissatisfaction refers to a customer's level of discontent after purchasing a product or service from your online business. Customers could regret their purchase if they believe the product's quality falls short of their expectations.
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As a last step before mario hits send on a company press release, what should he do to ensure it is accurate? question 4 options: produce an outline to organize the content in the document double-check all spellings and numbers in the document evaluate the logic and persuasiveness of the document change the font that is used in the document
Answer:produce an outline
Explanation:
As a last step before Mario hits send on a company press release, ensure it is accurate he should produce an outline to organize the content in the document. Option A is an appropriate response.
What is an outline in a document?The structure of a document is generated by the headings, form titles, table titles, and any other appropriate landmarks to map out the document.
An outline is a tool used to logically organize written ideas about a topic or thesis. Outlines group major topics, subtopics, and supporting details together. When writing papers, writers use outlines to determine which topics to cover and in what order.
Outline can provide feedback on the topics you're discussing, ensuring that you haven't overlooked anything or undervalued the significance of certain points. When you finally start writing, your documents will have a better structure thanks to this type of feedback.
Hence, Option A is an appropriate response.
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a boss walks into a group member’s office to request an immediate revision of a report the group member submitted the day before. the boss exhibits task-oriented leadership.
A boss walks into a group member’s office to request an immediate revision of a report the group member submitted the day before. the boss exhibits task-oriented leadership. This statement is True.
What's Leadership?Leadership, both as a exploration area and as a practical skill, encompasses the capability of an individual, group or association to" lead", influence or companion other individualities, brigades, or entire associations. The word" leadership" frequently gets viewed as a contested term.Specialist literature debates colorful shoes on the conception, occasionally differing Eastern and Western approaches to leadership, and also( within the West) North American versus European approaches.What's significance of leadership?Leadership is a vital operation function that helps to direct an association's coffers for bettered effectiveness and the achievement of pretensions. Effective leaders give clarity of purpose, motivate and guide the association to realize its charge.Learn more about leadership here:
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if energy efficiency is improved, the cost of energy would decrease and . less electricity would be used energy star appliances would no longer be necessary more coal would be available homes would cost significantly less
Energy efficient use, sometimes simply called energy efficiency, is the process of reducing the amount of energy required to provide a product or service. For example, by insulating a building, less energy is required for heating and cooling to achieve and maintain a comfortable temperature.
Energy efficiency is using less energy for the same task or result. Energy-efficient homes and buildings use less energy to heat, cool and power appliances and electronics, and energy-efficient manufacturing plants use less energy to produce products.
Energy-efficient appliances and equipment use technologies that are less energy-intensive to reduce the amount of electricity used per product.
Energy efficiency is one of the easiest and most cost-effective ways to combat climate change, lower energy bills for consumers, and improve the competitiveness of American businesses. Energy efficiency is also a key factor in achieving net zero carbon emissions through decarbonization.
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Answer:less electricity would be used
Explanation:did on odyssey
You are an employer seeking to fill a vacant position on an assembly line. Are you more concerned with the average product of labor or the marginal product of labor for the last person hired?.
The marginal product assesses how the most recent hire has affected production, or overall product. This makes estimating the income from hiring a second person simpler, which can then be contrasted with the cost of doing so.
The process of creating a product is divided into phases that must be finished in a certain order using the manufacturing method known as an assembly line. The most common technique in the mass manufacturing of goods is assembly lines.
The extra product that is produced when an additional unit of input is added is known as the marginal product. To put it another way, a change in the production output caused by a change in the production input is referred to as a marginal product.
The change in output that results from using one more unit of a specific input (factor of production), for example, the change in output when a firm's labor is increased from five to six units, is known as the marginal product or marginal physical productivity, assuming that the quantities of other inputs are kept constant.
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The measure of location often used in analyzing growth rates in financial data is the _____
The measure of location often used in analyzing growth rates in financial data is the geometric mean.
The geometric mean is known a the average of a set of products.
The calculation of geometric mean is commonly used to determine the performance results of any investment or the portfolio.
Technically it is defined as "the nth root product of n numbers." The geometric mean should be used when we are working with percentages, means which are derived from values, while the standard arithmetic mean works with the values themselves.
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Barker fabricating is operating at 79 percent capacity and earning a substantial profit. an increase in sales is least likely to increase the firm's:_____.
If Barker fabricating is operating at 79% capacity, an increase in sales is least likely to increase the firm's fixed assets.
What is fixed asset?Assets are resources owned by a business or individual that can be used to generate positive economic value to the entity. Fixed asset is a type of asset that remains constant regardless the level of output. An example of a fixed asset is the factory where production takes place.
Fixed assets are also known as noncurrent assets. This is because they are usually used for more than one accounting period.
When a company is not producing at full capacity, it means that its fixed asset is not fully utilized. So, when sales increases, the capacity at which the fixed asset is used would increase without increasing the cost of the fixed asset.
Here is the complete question:
Barker Fabricating is operating at 79 percent capacity and earning a substantial prohl An increase in sales is least likely to increase the firme Multiple Choice
fixed assets
cost of goods sold
accounts receive
accounts payable
inventory
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Parts for an automobile repair cost $175. The mechanic charges $35 per hour. If you receive an estimate for at least $245 and at most $315 for fixing the car, what is the time interval that the mechanic will be working on the job?.
The time interval for the mechanic for this job is at least 2 hours or at most 4 hours
According to the given question parts for an automobile repair cost 175 dollars and the mechanic charges 35 dollars per hour.
Given the person receives a cost of at least 245 dollars.
The mechanic's total rate is (245 - 175) dollars which is = 70 dollars.
Also given the mechanic charges 35 dollars per hour so the time mechanic work for is at least (70/35) hours which is = 2 hours
In the later case when the owner receives a bill of 315 dollars the total rate of mechanic is
= (315 - 175) dollars.
= 140 dollars.
So, the mechanic has worked for (140/35) hours which is 4 hours
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you showhat message does the following mission statement communicate? our customers are the most important stakeholder in our business. therefore, we go to extraordinary lengths to satisfy and delight our customers. we want to meet or exceed their expectations on every shopping trip. we know that by doing so we turn customers into advocates.uld treat all customers equally. this is simply fair practice and good business.
Answer: referred rgregregerhimy hsd
Explanation:
True or false: a mutual fund is the common name of a closed-end investment company.
A closed-end investing company is more commonly referred to as a mutual fund. This statement is False.
An open-end investment company is commonly referred to as a "mutual fund." With 87% of all investment company assets being in this form, it is currently the dominant investment company structure. In order to invest in securities such as stocks, bonds, money market instruments, and other assets, mutual funds aggregate the funds from shareholders. Professional money managers run mutual funds, allocating the assets and attempting to generate capital gains or income for the fund's investors. The portfolio of a mutual fund is set up and kept up to date in accordance with the specified investment goals in the prospectus.
Small or individual investors have access to professionally managed portfolios of stocks, bonds, and other securities through mutual funds.
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A firm that models, simulates, and analyzes large amounts of data quickly by using computers to execute the same task on multiple processors simultaneously is employing _____.
A firm that models, simulates, and analyzes large amounts of data quickly by using computers to execute the same task on multiple processors simultaneously is employing parallel processing
This is further explained below.
What is parallel processing?Generally, A kind of computation known as parallel computing involves running a number of different computations or processes concurrently with one another.
Large difficulties may often be broken down into a series of smaller problems, each of which can be tackled and resolved in parallel.
In conclusion, Employing parallel processing allows a company to rapidly model, simulate, and analyze enormous volumes of data by utilizing computers to carry out the same operation on numerous processors concurrently. This allows the company to work more efficiently.
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our company has a plan in place to upgrade each employee's laptop computer to a newer model every three years. as a result, you often have old laptop batteries.
Every three years, the company has a plan to replace each employee's laptop with a newer model. as a result, your laptop batteries are frequently outdated. Thus, recycling of the batteries is required.
What is the company?A group of people can get together to create a company, which is a legal body used to conduct and manage commercial or industrial business operations.The business lines of an organisation rely on its form, which might be a company, a partnership, or even a sole proprietorship.Either public or private companies can exist; the former distributes equity to shareholders on a stock exchange, whilst the latter is privately held and unregulated.A firm is typically set up to make money off of its operations.Companies have a significant role in the health of an economy by providing jobs and luring in disposable cash to fuel expansion.To know more about company, refer to the following link:
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After many months in business, Horatio decides that there are some negative aspects of having a sole proprietorship. All of the followin
are negatives except.
As Horatio decides that there are some negative aspects of having a sole proprietorship, the exception to the negative was "Pride of ownership".
What is a sole proprietorship?It refers to a one-man business organisation. It involve a natural person (not a legal person/entity) who fully owns and manages this type of entity. In addition, the sole proprietorship usually does not have to be incorporated or registered.
Because of these fact, the sole proprietorship is the simplest form of business structure and the ideal choice to run a small business or medium scale business.
Missing options "a)lack of money b)lack of continuity c)pride of ownership d)unlimited liability
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In the market for natural gas, what will likely happen to current natural gas prices and output if the producers expect future prices to decrease? current supply will _________, and, as a result, current prices will _________.
In the market for natural gas, what will likely happen to current natural gas prices and output if the producers expect future prices to decrease?
Current supply will decrease, and, as a result, current prices will increase.
How are demand and price related to ach other?
The law of supply and demand is an economic theory that explains how supply and demand are related and how this relationship affects the price of goods and services.
A basic economic principle is that when supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise.If demand does not change, there is an inverse relationship between supply and prices of goods and services.If the supply of goods and services increases while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services.If the supply of goods and services falls while the demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services.To learn more about law of supply, refer to:
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