What is important to know to create a new business?

What is important to know to create a bussiness?

Elena Marín Jiménez

The relation between price and quantity suppied is directly proportional.

Supply:

This graph represents the posibilities of movement in the curve of supply. A change in the products price produce a movement ON the curve (red lines). If the quantity supplied increase, produce a movement to the right position. If the quantity supplied decrease, produce a movement to left position.

The relation between price and quantity demanded is inversely proportional.

Demand:

This graph represents the posible movements in the curve of demand. A change in products price produce a movement ON the curve of demand. If the demand increase de curve moves to the right possition. If the demand decrease the curve moves to left possition.

EQUILIBRIUM PRICE

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The equilibrium price, is the price in which the quantity supplied and demanded match.