0
Supply is the amount of a product offered for sale at all possible prices that can succeed in a market; while quantity supplied is the amount that producers are willing and able to supply are a certain price.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is difference between change in supply and change in quantity supplied?
a change in supply is the shift in supply curve due to change in price of other commodities and other factors like taste,weather,income e.t.c while a change in quantity supply is the change in price of the commodity itself that affect the quantity supply,here the supply curve remain constant but there will be a movement along the supply curve.
A reduction in an input price will cause a change in quantity supplied but not a change in supply?
When the price of one or more inputs rise, producing the good is less profitable, and firms supply less of it. If input prices rise substantially, a firm might shut down and supply no good at all. Thus, the supply of a good is negatively related to the price of the inputs used to make the good.(mankiw, Principles of Economics 4th Ed, page 74)
What is the difference between work order and purchase order?
There is no specific difference between Work Order and Purchase Order. However, in general the term Purchase Order is used wherein there is only Supply part involved or Installation is free of cost and Work Order is wherever there is Supply + Installation or Installation Works. But either can be used anywhere.
What is the Difference between asset method and expense method?
the asset method = record all purchases as asset then recognize expense (diff of beg bal & end bal) dr. prepaid supply (purchase) cr. cash expense method = record all purchases as expense, then account for the ending balance. adjust beg balance to reflect end balance. dr. supply expense cr. cash
What determines how the burden of a tax is divided between buyers and sellers?
The burden of tax is divided between buyers and sellers by the forces of supply and demand.
Difference between an increase in Supply and an increase in quantity supplied?
check your answer
How do you Explain the difference between change in supply and change in quantity supplied?
A change in supply means that the supply curve has shifted. With a stable demand, this will result in a change in the quantity supplied but also a change in price. A change in only quantity supplied without a change in supply would require a horizontal supply curve. Alternatively a change in quantity supplied and price may occur if there is a shift of the demand curve.
Difference between change in supply versus change in quantity supplied?
There is no different in changes in supplies and changes in quantity supplied as both are different interchangable name of same item.
Difference between change in supply and change in quantity supply?
no
What is a table that shows the relationship between the price of a good and the quantity supplied?
Supply schedule
Definition of supply schedule?
Supply Schedule- A table showing the relationship between the price of a good and the quantity supplied.
What is a graphical depiction of the supply schedule that illustrates that relationship between the price of a good and the quantity supplied?
Supply curve
Define supply curve?
It is a graphical depiction of the supply schedule that illustrates that relationship between the price of a good and the quantity supplied.
What best explains the purpose of the supply schedule?
to show the relationship between quantity supplied and prices
Does a supply curve show a direct or inverse relationship between price and quantity supplied?
Yes, it does.
What is supply function?
Indicates the relationship between the quantity of thecommodity supplied and the unit price of the commodity
When quantity supplied is greater than quantity demanded there is?
Excess supply.
