What is the yearly income tax of this business? It has four full-time employees that earn $3,000 a month and these employees pay 15% in federal and state income taxes.

Which of the following best explains the purpose of a supply schedule? a. to calculate how much time it takes for distribution. b. to indicate how supply and demand relate to price. c. to show the relationship between quantity supplied and prices. d. to demonstrate how the supply decreases as price increases.