What is important to know to create a new business?

The relation between price and quantity suppied is directly proportional.

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.

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.

What is important to know to create a bussiness?

Elena Marín Jiménez

Supply:

The relation between price and quantity demanded is inversely proportional.

Demand:

EQUILIBRIUM PRICE

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