In 5-10 sentences, explain the Law of Supply.

Answers

Answer 1
The law of supply is the microeconomic law that states that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer will increase, and vice versa. The law of supply says that as the price of an item goes up, suppliers will attempt to maximize their profits by increasing the quantity offered for sale.

• The law of supply says that a higher price will induce producers to supply a higher quantity to the market.

• Supply in a market can be depicted as an upward sloping supply curve that shows how the quantity supplied will respond to various prices over a period of time.

• Because businesses seek to increase revenue, when they expect to receive a higher price, they will produce more.

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Related Questions


Can someone please name 2 interest groups?!

Answers

Answer:

ABA Commission on Homelessness and Poverty.

AIDS Policy Center for Children, Youth, and Families.

Marines must learn to quickly assess the __________ and __________ of individuals. This assessment must be constantly reevaluated and your actions should be adjusted accordingly. Select all that apply.

Answers

It should be noted that Marines must learn to quickly assess the temper and intent of individuals.

Why do marines need to focus on temper and intent of individuals?

The marines need to focus on temper and intent of individuals so as to device the strategy through assessment that will help to deal with individuals professionally.

With this  reevaluation of the assessment  one's actions should be adjusted accordingly.

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A surgeon performs elective surgery on John Smith. Smith later complains to his surgeon about pain resulting from the surgery. His surgeon dismisses his complaints as not credible and eventually withdraws from the case. Smith is then treated by another surgeon, who determines that Smith developed complications from surgery and that the delay in treatment has made the complications worse. Smith sees an attorney about a possible lawsuit against the first surgeon.

Required:
Describe the theories that could support a lawsuit under these circumstances.

Answers

Answer:

Smith experienced symptoms as either a consequence of surgery upon on basis including its details given, as well as the delay in care rendered the complications worse.  

Explanation:

Conspiracies which should, under those same sorts of situations, promote litigation are:

Hospital Abandonment:

Because Mr. Smith seemed to be under the supervision of the specialist and then after Mr. Smith complained of surgery-related discomfort, the surgeon declined to begin the recovery process, so it was the responsibility including its surgeon to begin his recovery until his condition was properly resolved.However, although the surgeon decided to withdraw again from the situation, whenever the patient needs his healthcare services, this will be a situation of clinical abandonment.

Inability to implement up:

As Mr. Smith explained his debilitating condition to the specialist following the surgery, the surgeon had a responsibility to care for his client should handle the effects accordingly. Because there was no follow-up from both the surgeon, a complaint may be backed by a refusal to maintain up the argument.

What is a moon ? How does Earth moon affect our planet ??

Answers

The moon's gravity pulls at the Earth, causing predictable rises and falls in sea levels known as tides. To a much smaller extent, tides also occur in lakes, the atmosphere, and within Earth's crust.

Why was Esperanza (the book Esperanza rising) so upset about the “May queen” situation, the new okie camp, and Miguel’s job at the railroad?

Answers

Miguel is upset bc lost his job at the railroad

Page(s) 264–267 9.5. Mediation Dr. Soulis conducts a study that finds that having a cognitively demanding job is associated with cognitive benefits in later years, but only because people who are highly educated have cognitively demanding jobs, and people who are highly educated have better cognitive skills. In the relationship between having a demanding job and cognitive benefits in later years, amount of education plays what role? g

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he makes 272k a year on his salary and he needs to get more money for his lambo so him and trippy red can go cruising down La

Maps that focus on ideas are known as what?

A. Political

B. Physical

C. Human

D. Special purpose

Answers

Answer:

special purpose

Explanation:

hope it helps

Special purpose so D

which two European countries gave women the right to vote in the early 1900's and were studied by the American suffrage movement

Answers

In 1906, the autonomous Grand Duchy of Finland, which later became the Republic of Finland, was the first country in the world to give all women and all men both the right to vote and the right to run for office. Finland was also the first country in Europe to give women the right to vote.

Why does the sun appear to be the brightest star in the sky?

Answers

Answer:

The reason the Sun looks so bright is because of its distance from Earth. ... Distance also explains why the Sun looks so large in the sky compared to other stars. Since the Sun is the closest star to Earth, it appears larger compared to more distant stars. However, the Sun is really an average star.

Explanation:

Due to its close proximity to Earth, The sun gives the impression of being the brightest star in the sky.

What is sun?

The "yellow star" at the core of the solar system is referred to as the sun. It makes the earth's climate heated.

There would be no life on Earth if the sun did not provide heat through the absorption of clouds on water. The sun is a hot plasma due to its proximity to Earth.

Hence, the significance of the sun is aforementioned.

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how has the climate changed in the fertile crescent since the ancent

Answers

Answer:

The lengths of droughts have increased

Explanation:

Discuss the consequences of our social stratifications of upper class, middle class, and lower class. What are the differences of those living in each of these classes?

Answers

Answer:

Lower class is clasified as poor

Middle class is classified as living a comfortable life, nwither rich nor poor

And upper class is classified as rich

In writing an essay you must consider the structure of the essay, Hence, the structure of the essay should be considered;

The Introduction The bodyThe conclusion

Then use the body to write your views on the consequences of our social stratifications of the upper class, middle class, and lower class.

What is social stratifications?

Generally, The term "social stratification" is used to describe how individuals in a society are divided up according to their socioeconomic status, including their level of wealth, income, race, and education.

In conclusion, In this context, "poor" refers to the social strata below middle class. Those who fall within the middle class are neither extremely wealthy nor desperately impoverished. The wealthy belong to the upper class.

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HELP FAST

How is the account from 1825 different from the account in the modern encyclopedia?

Answers

Answer:

I think its b

Explanation:

hope it helps, can i get brainliest.

What are Raventstein’s laws regarding distance of migration?

Answers

Explanation:

Most migrants move only a short distance. There is a process of absorption, whereby people immediately surrounding a rapidly growing town move into it and the gaps they leave are filled by migrants from more distant areas, and so on until the attractive force [pull factors] is spent.

What is an activity similar to? Why? Please answer right when you see this.

Answers

An activity is kind of like a hobby, something you do in your spare time.Its very similar to an assignment

Hope this helps.

Brainlist

summarize the five aspect of professional and academic language​

Answers

Answer:

The five aspects of professional and academic language are formality, objectivity, conciseness, grammatical correctness (form), and accurateness.

Explanation:

When writing in an academic or professional setting, there are a number of conventions you should pay attention to.  First, it is important to write more formally than you would in an email to a friend or a family member, you want to avoid contractions and emotive language and minimize the use of personal pronouns.  You also need to use correct grammar. The substance of your work and what you are communicating are also important.  You will want to hedge your arguments and points with evidence and strive to be accurate in your statements by explaining limitations and exceptions to the data. Ideally, you should try to be as objective and transparent as possible and maintain some social distance in how you convey the information and present it to others.

What is a major problem for the environment when cities are built?

Answers

The major problem when building a city is tearing down the environment that has been growing there for years, and ruining possible ecosystems that live there and animals that also there.
When building a city the builders need to consider how much that will effect the environment.

Why was trading important across the globe?

Answers

Answer:

Trading was/is important around the globe because of how its keeps certain regions economy flowing. As it brings in revenue, diverse economies, and a stable flow of jobs. This was especially important during the 1600s to 1800s as different items were brought and sold from and to different parts of the globe, during the time.

Explanation:

If you define a concept in terms of the procedures followed while measuring the concept, you are using a(n): Group of answer choices

Answers

When the concept is defined in terms of the procedures, the operational definition is used.

What is a concept?

A concept simply means the abstract idea that's can be gotten about a particular thing.

In this case, if one defines a concept in terms of the procedures followed while measuring the concept, you are using an operational definition.

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Use the following list to answer question 89
Global media
Hollywood movies
Global advertising
• Global pop
culture
The above items are a list of
A. globalizing influences on identity
B. globalizing influences on technology
C. forms of cultural globalization that are opposed by the USA
D. forms of cultural globalization that are dominated by Britain

Answers

I think it’s A.
Sorry if it’s wrong

HELPPP!
In which country do average citizens have the LEAST control over their government?
china
India
Japan
South Korea

Answers

Answer:

Explanation:

south korea

Who discovered DNA?

Answers

james watson and francis crick

What is the type of location described by, "40°20' N, 90°10' W"?

Answers

I think the answer is Absolute location
Answer: Absolute location

define the term bursary and mention three criterion learners should meet to acquire a bursary

Answers

Bursary is an sum of money in form of grant which is given to students so as to undertake university or college degree.

Definition of bursary

Bursary is an sum of money in form of grant which is normally given to students so as to study at a university or college.

The requirements for bursary include:

Having very good gradesHave previously been involved in volunteering activitiesBe in financial need

Bursary are usually awarded to students who are financially incapable of taking care of themselves in school.

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12. Read this excerpt from President Roosevelt's "Four Freedoms" speech: Armed
defense of democratic existence is now being gallantly waged in four continents.
If that defense fails, all the population and all the resources of Europe, Asia,
Africa and Australasia will be dominated by the conquerors. Let us remember
that the total of those populations and their resources in those four continents
greatly exceeds the sum total of the population and the resources of the whole
of the Western Hemisphere-many times over. What is the theme of this excerpt?
A. A dismissal of the current threat
B. The enormity of the threat to democracy
C. A plea for international cooperation
D. Atonement for colonial policies

Answers

Answer:

I hope this helps you

Explanation:

The answer is C

Answer: B The enormity...

Explanation: just took the test

why was the diary very important to Anne frank(PLZZ HELP ME AS SOON AS POSSIBLE)

Answers

Answer: The diary was important to Anne Frank because it was where she wrote all her stories and thoughts down. After the war, her dad found the diary and published it as a book.

Hope this helps!

Using trawling nets to fish is an example of
A. Habitat destruction
B. Climate change
C. Invasive species
D. Pollution

Answers

A. Habitat destruction.
This is because it’s harmful to species/the environment. I hope this helps! :)

Name of the group that has many members who had governed Vajji. A. Sangha B. o Gana C. O Sabha D. O Nagaram get confirm branliest to answer right​

Answers

Answer:

B gana is the answers for the question

Explanation:

please mark me as brainlest

What is a desirable climate to live in?

Answers

A typical desirable climate around the world is a moderate climate, that is, neither too cold nor hot.

What is a Climate?

A climate refers the consistent pattern of weather conditions of a geographical area.

A desirable climate is also known as ideal climate because its represent a climate that people sees at most favorable to them.

In conclusion, a typical desirable climate around the world is a moderate climate, that is, neither too cold nor hot.

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Feral cats kill large numbers of native wildlife in Australia. Which technology would require environmental scientists to directly interact with the cats?
A. using acoustics to identify cat vocalizations
B. using unmanned aerial systems to photograph the cats
C. using eDNA to track the geographical range of the cats
D. using GPS to monitor electronic collars on the cats

Answers

Answer:

D. using GPS to monitor electronic collars on the cats

Explanation:

In order to keep track of the feral cats' location, the animals should have a GPS tag that can be monitored. After the animal has been tagged and released, the scientists can track the movement of the animal and know its exact location at all times.

Hope it helps!!!Brainliest pls!!!

Which of the following is a CHALLENGE to the European Union?​

Answers

Answer:

lack of funds from other nations

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YOUR TURN3. Fifteen bicycles are produced each hour at theSpeedy Bike Works. Show that the relationshipbetween the number of bikes produced and thenumber of hours is a proportional relationship.Then write an equation for the relationship. Which of the following is most characteristic of OSHA's relationship with professional trade organizations in residential construction?O beneficialconfrontationalcompetitiveawkward The way a survey question is worded can effect how a person answers the questions. 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At length I would be avenged; this was a point definitely settledbut the very definitiveness with which it was resolved precluded the idea of risk. I must not only punish but punish with impunity.* A wrong is unredressed when retribution overtakes its redresser. It is equally unredressed when the avenger fails to make himself felt as such to him who has done the wrong.It must be understood that neither by word nor deed had I given Fortunato cause to doubt my good will. I continued, as was my wont, to smile in his face, and he did not perceive that my smile now was at the thought of his immolation.**_________________________________*impunity: freedom from consequences**immolation: destructionThe following question has two parts. Answer Part A first, and then Part B.Part AWhat kind of mood, or main feeling, does this passage help establish for the story? A. lighthearted B. suspenseful C. sad D. sentimentalPart BWhich of the following excerpts from the passage best supports the answer to Part A? A. The thousand injuries of Fortunato I had borne as I best could. . . . B. A wrong is unredressed when retribution overtakes its redresser. C. [N]either by word nor deed had I given Fortunato cause to doubt my good will. D. [H]e did not perceive that my smile now was at the thought of his immolation. why did the Mississippian culture decline after contact with Europeans