Writing Assignment interpreting an individual supply.docx

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Writing Assignment: Interpreting an Individual Supply Schedule 1. How many quilts will Sally supply at $500.00 per quilt? 3 2. Are any other factors besides price taken into account with the market supply schedule she has constructed? The factors that keep her mini business running. This can include the material that she needs to make her quilts and her budget of how much she can spend. 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. a. Sally purchases a new sewing machine that helps her produce quilts in less time. She might need to increase the amount of money sold per quilt to compensate the deficit that the sewing machine could’ve caused (if it was expensive). b. Sally anticipates an increase in prices for quilts in three months. Sally might have drop in the profit but depending on how much she anticipates the increase. Since she needs to increase the price for the quilts, this could mean a drop in
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