Question

Several situations are listed below that Sally has encountered in her business. Explain how each of these situations might alter the supply of quilts.

Sally purchases a new sewing machine that helps her produce quilts in less time.
Sally anticipates an increase in prices for quilts in three months.
There are twice as many quilt suppliers as there were one year ago.

Answer 1

@Carleigh<3

Answer 2

well this seems like mainly common sense
for the first one she will have more stock much faster then before which means she will be able to sell more products in the second her prices will go up within 3 months that might mean she wont sell as many so she will have more in stock in the third she will have competition so she will have to either lower prices or have a different type of stock so she will have more or less in her stock depending on her competition

Answer 3

so for each one shes going to have more in her business

Answer 4

thanks chicka!!!!

Answer 5

yuppers no problem

Answer 6

so now it want me to do this, but don't quite understand it.

Now think of something you might be able to make and sell. Construct your own individual market schedule. List five prices and the quantity you would supply at each price. As you do this, remember to consider how much time you have available because you still need to be able to keep up with your school work and other activities. At the same time, consider how much money you will be making on each and what your financial goals might be. Be sure to provide a description of the item you would supply as well as a paragraph describing three factors that most likely will influence the supply of your item. Include an explanation of how each factor might influence your decision on how much to supply of the item.

Answer 7

well take it one step at a time...pretend to have a business list 5 things in it, the price of those things and how many you will have

Answer 8

then figure out the hours you can work it out according to your in real life schedule

Answer 9

okay thanks!

Answer 10

okay so i did this

Answer 11

consider how much money you will be making on each and what your financial goals might be. Be sure to provide a description of the item you would supply as well as a paragraph describing three factors that most likely will influence the supply of your item. Include an explanation of how each factor might influence your decision on how much to supply of the item.

Answer 12

sorry i had to go somewhere ...i think this one you can do

Answer 13

just remember take it step by step