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What does fixed supply mean?

Updated: 12/24/2022
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Q: What does fixed supply mean?
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What is fixed supply?

Fixed supply is the kind of supply which is not expected to run out in the near future. For example, oxygen and sunlight can be said to have fixed supply.


A fixed supply means?

A supply such as office paper that has a fixed cost.


What do you mean with the statement A fixed supply means that real estate prices will fluctuate with demand?

The statement refers to basic microeconomics:Under the condition of a fixed supply, demandalone determines price. Supply is constant.Under other conditions, Supply is represented on a graph as a line that slopes upward, while demand is a line that sloped downward. That is that as the quantity suppliedincreases, so does price. As the price increases, the quantity demanded decreases. Where the two curves meet is called the Equalibrium.Under the condition of a fixed supply, supply is not represented by a curve, but a vertical line. Demand is still a curve, but the quantity demandedcannot exceed the supply.edit: That answer is hyper-technical, and reads like a modern textbook. The terms, "demand" and "fixed supply" refer exactly to this type of graph. In English, the question simply means that the price of real estate will go up or down depending solely on how much people are willing to pay.


Why is supply fixed in the short run?

Agricultural supply is fixed in the short run because only a certain number of plants are sown in the spring. One cannot produce more if the time for planting is past.


What does overall supply mean?

In math what does supply mean?


What does fixed costs means?

what does fixed costs mean


What is a movement from one point to another on a fixed supply curve?

Quantity supplied


What does fixed position mean in science?

it mean things that are fixed!! HELLO PEOPLE HOW R YOU? HOW HAVE YOU BEEN?


What is change in quantity supplied?

It is a movement from one point to another on a fixed supply curve.


What does fixed expenses mean?

the word fixed expenses means to rent


What does 'fixed in space' mean?

that something was fixed in space not on earth. dur


Food cost fixed or variable?

The cost of all food is variable, depending on supply and demand.