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Jeff owns a coffee shop near a commercial zone. He used to pay $10 per hour to his employees. During the last year he opened three coffee shops in that same area. He could afford to do so because of the low wages. However, Jeff is now paying $15 per hour to his employees. Answer the following questions based on the supply and demand schedule of labor.

Who creates the demand for coffee shops? Who creates the demand for coffee shop employees?

Jeff owns a coffee shop near a commercial zone He used to pay 10 per hour to his employees During the last year he opened three coffee shops in that same area H class=

Respuesta :

rickduque03

Answer:

The consumers in that commercial area create the demand for coffee shops. However, Jeff is the consumer for coffee shop employees.

Step-by-step explanation:

arshikhan8123

The consumers in that commercial area create the demand for coffee shops.

Jeff creates the demand for coffee shop employees.

What is demand?

Demand is an economic term that refers to the number of products or services that consumers wish to purchase at any given price level. The mere desire of a consumer for a product is not demand. Demand includes the purchasing power of the consumer to acquire a given product at a given period.

What is supply?

Supply is the number of goods an individual or business provides to the market which refers to the amount they produce at a specific point in time. For example, if Apple manufactures 100 iPhones, then this is the supply that is brought to the market.

Learn more about demand here https://brainly.com/question/1245771

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