fab7ijoloisoCud fab7ijoloisoCud
  • 02-02-2017
  • Business
contestada

How profit motive explain the law of supply?

Respuesta :

ddd21
ddd21 ddd21
  • 11-02-2017
Profit motive produces what people want to get as much profit as possible, thus the demand of the product will rise so the price will rise to regain equilibrium (so demand will decrese) so the supply increases with the price. Hope I helped
Answer Link

Otras preguntas

Mass production resulted in a. less affordability of goods. c. reduced prices of goods. b. higher costs of production. d. decreased standards of living.
The idea that people within a state can and should determine the laws within that state is referred to as A. popular sovereignty. B. state sovereig
Describe a situation in which you must be particularly articulate
Where was the first European civilization located? Germany Crete Italy Scandinavia
With respect to Australia's aboriginal peoples, animistic religious beliefs are characterized by _______ worship.
is 4.15 less or greater than 4.051
Where was Hemingway born?
$8.259 round to the nearest cent
Which of the following is NOT a characteristic of globalization? transnational corporations high tariffs between competing nations the outsourcing of labor fore
If an outdoor runner develops a headache, feels tired, and has an elevated heart rate, what is the most probable cause? A. Insufficient calories B. Overhydratio