Business, 27.10.2020 21:20 tinalmath

a bakery is determining consumer demand for their speciality product decorated cakes. The chart below describes the supply and demand for cakes at various prices the bakery might charge. Using the data from the chart, write a paragraph discussing the relationship between supply and demand for the cakes. Why is it important for businesses like the bakery to have this type of information when producting or selling a product? Based on the information provided, what is the market price for the cakes and how many cakes will the bakery sell at the price?

a bakery is determining consumer demand for their speciality product decorated cakes. The chart bel

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