0
it always rises from left to right
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
The law of supply implies that the supply curve is?
Upward-sloping
What does the law of demand suggest that most demand curves will be?
The law of supply predicts the supply curve will be upward sloping.
What is difference between individual supply curve and market supply curve?
The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.
What do supply schedules and supply curves illustrate?
Supply schedual: price due to amount of productsSupply curve: price due to quality of productsI hope this helped, like 95% sure its correct lmao #tybg
How is a market supply curve similar to and different from an individual supply curve?
how is a market supply curve similar to and diffrent from an individual supply curve
The law of supply implies that the supply curve is?
Upward-sloping
What does the law of demand suggest that most demand curves will be?
The law of supply predicts the supply curve will be upward sloping.
What is difference between individual supply curve and market supply curve?
The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.
What do supply schedules and supply curves illustrate?
Supply schedual: price due to amount of productsSupply curve: price due to quality of productsI hope this helped, like 95% sure its correct lmao #tybg
How is a market supply curve similar to and different from an individual supply curve?
how is a market supply curve similar to and diffrent from an individual supply curve
How does a supply curve reflect the law of supply?
Companies will want to supply more goods/services at a higher price because they can make more profit this way. Therefore, the supply curve is upward sloping since at each increase in price, there will be a corresponding increase in quantity supplied. This exactly is the law of supply: businesses will supply more at higher prices.
What is the relationship between the law of supply and the supply curve?
it always rises from left to right
Bell-shaped curve used to illustrate data signifies a curve?
It's true: a curve is a curve. Did you really need me to tell you that?
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 does the Lorenz Curve illustrate about the economy?
the distribution of income
Does a change in producers' technology lead to a movement along the supply curve or shift in the supply curve?
just lead to a shift in the supply curve.
What is needed to dertermine the equilibrium of a good or service?
by finding where the supply curve and the demand curve intersect
