What is important to know to create a new business?

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

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EQUILIBRIUM PRICE

Demand:

The relation between price and quantity demanded is inversely proportional.

Supply:

Elena Marín Jiménez

What is important to know to create a bussiness?

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.

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.

The relation between price and quantity suppied is directly proportional.