A. Applying Economic Concepts
Study the market demand and supply schedule. It gives economic information about
promotional toothbrushes dentists can order to give their patients. Use the information from
market demand and supply schedule to create a market supply curve and a market demand
curve for the promotional toothbrushes. Draw your curves on the grid below.
0.70
5,000
Price per la
Quantity Quantity
Toothbrush
in dollars)
Supplied Demanded
0.10 200 /
0.20 500 4,000
0.25 1,000 3,500
0.30 1,750 2,875
0.35 2,500
2,500
0.40
3,250
1,750
0.45 4,125 1,125
0.50
5,200
750
Price per toothbrush
(in dollars)
CHAPTER 6
6.000
1,000 2,000 3,000 4,000 5,000
Quantity of toothbrushes
7.000
0.65/
6,500
250

Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?