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What is A supply schedule characterized by?
A supply schedule is characterized by a table that shows the quantity of a good or service that producers are willing to sell at various prices over a specific period. It illustrates the relationship between price and quantity supplied, typically demonstrating that as prices increase, the quantity supplied also increases, reflecting the law of supply. This schedule helps in understanding market dynamics and producer behavior in response to price changes.
How are supply schedule and supply curve related?
Supply schedule and supply curve and related in the sense that there exists an important relationship between supply and demand. The greater the supply curve, the greater the supply schedule.
What is the difference between supply schedule and market supply schedule?
A supply schedule a chart that lists how much of a good a supplier will offer at different prices. A market supply schedule a table that lists the quantity of a good ALL consumers in a market will buy at every different price.
Definition of supply schedule?
Supply Schedule- A table showing the relationship between the price of a good and the quantity supplied.
What is a market supply schedule?
A market supply schedule is a chart that list how much of a good all suppliers will offer at different prices.
What is market supply schedule?
A market supply schedule is a chart that list how much of a good all suppliers will offer at different prices.
When it's not necessary to build a new market supply schedule?
Building a new market supply schedule is not necessary to change stock value.
What is the purpose of a supply schedule?
what is a fungible good
When is it not necessary to build a new market supply schedule?
Building a new market supply schedule is not necessary to change stock value.
What is an amount producers are willing and able to sell at a given price?
Supply schedule or a supply.
What is a change in the schedule and a shift of the curve?
Change in supply.
What is change in supply?
It is a change in the schedule and a shift of the curve.
