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By Sandra HolzOn Feb 27, 2019 Free Resume

Unlike the demand relationship, however, the supply relationship is a factor of time. Time is important to supply because suppliers must, but cannot always, react quickly to a change in demand or price. So it is important to try and determine whether a price change that is caused by demand will be temporary or permanent.

An eligible employee will be reinstated to the same position he or she held when paid parental leave began or to an equivalent position with equivalent pay, benefits, and other terms and conditions of employment, provided the eligible employee can perform the essential functions of the position.

Profit margins are also fixed by demand and supply. Hence firms cannot set themselves apart by charging a premium for their product and services. For example, it would be impossible for a company like Apple Inc. (AAPL) to exist in a perfectly competitive market because its phones are pricier as compared to competitors.

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