aswers for rr.docx - Sally Thomas is an entrepreneur She...

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Sally Thomas is an entrepreneur. She makes hand-made quilts and sells them at craft shows and at her home studio. Below is a market supply schedule she constructed. Answer the questions that appear below it. Price per quilt Quantity Supplied Per Month $300.00 1 $400.00 2 $500.00 3 $600.00 4 $700.00 5 1. How many quilts will Sally supply at $500.00 per quilt? Sally supply three quilts at $500.00 per quilt 2. Are any other factors besides price taken into account with the market supply schedule she has constructed? No, there are no other factors besides price taken into account with the market supply schedule she constructed 3. Several situations are listed below that Sally has encountered in her business. Explain how each of these situations might alter the supply of quilts. 1. 1. Sally purchases a new sewing machine that helps her produce quilts in less time. If Sally buys a new sewing Machine that helps her produce quilts in less time, this might increase the quality that she can supply per month 2. Sally anticipates an increase in prices for quilts in three months.
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