Question

The higher the amount a firm can charge for his product is indirect proportion to

Answer 1

Answer:

In mathematics, two varying quantities are said to be in a relation of proportionality,

if they are multiplicatively connected to a constant, that is, when either their ratio or their product yields a constant.

In this case y is said to be directly proportional to x with proportionality constant c.

Answer 2

The higher the 'amount a firm' can charge for its products is in direct proportion to its demand and supply in the market. Explanation: The pricing of the  product  depends on its cost of production, demand for the product, Price of Competing Firms  and the purchasing Power of Customers.

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