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Case-Based Critical Thinking Questions Case 2-3
Syed and Marino Li own a small furniture consignment shop in Atlanta, GA. Syed is designing a database that will allow them to keep track of item information and seller information. Each item is assigned to one seller; however, each seller may be assigned multiple items in the database. The database will contain the following information: item identification number, item description, seller code, condition of item, retail price of item, item quantity, date item received, condition of item, date the item is sold, the final sale price of the item, seller name, seller address, and seller contact information. Using appropriate database design guidelines, answer the following questions.
Based on the information to be included in the database, what is the best way to avoid data redundancy in the database?
Supply Curve
A graphical representation that shows the relationship between the price of a good and the quantity supplied, illustrating how changes in price influence supplier behaviour.
Supply Curve
A graphical depiction that shows the relationship between the price of a good or service and the quantity of that good or service that suppliers are willing and able to provide, at given prices.
Supply Curve
A graphical representation showing the relationship between the quantity of goods that producers are willing to sell and the price of those goods.
Determinant Of Supply
A factor that influences the quantity of a good or service that producers are willing to offer for sale at a given price over a period.
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