Which of the following is an implication of the law of supply?
a. changes in the price of a good leads to a shift in the supply curve.
b. individuals will purchase fewer units at a higher price and more units at a lower price.
c. producers will offer more units at a higher price and fewer units at a lower price.
d. increases in money prices will lead to an increase in supply while increases in relative prices will lead to a decrease in supply.

Jung hwa was recently married on july 1, 2018. she had worked for the organization for the past eight years and has been covered under its group healthcare insurance policy during the entire period. when can jung hwa add her new spouse to her insurance plan?

University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times

Martha is one producer in the perfectly competitive jelly industry. last year, martha and all of her competitors found themselves earning economic profits. if there is free entry and exit, what do you expect to happen to the number of suppliers in the industry and the price of jelly? the number of suppliers will increase, and the price of jelly will fall. the number of suppliers will decrease, and the price of jelly will increase. the number of suppliers will increase, and the price of jelly will increase. the number of suppliers will decrease, and the price of jelly will fall.