0
Supply schedule or a supply curve is an amount producers are willing and able to sell at a given price. True or False?
MrAndyProcter
True
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
What is an amount producers are willing and able to sell at a given price?
Supply schedule or a supply.
What does a supply schedule show in a table format?
a list of the amount of a product that producers are willing to produce at various market prices
Define supply and supply schedule?
It is a table that lists of the amount of a product that producers are willing to produce at various market prices. It shows the relationship between price and quantity supplied for a specific good.
What is supply economics?
a) willingness and ability to offer goods and services for sale b) the amount of a commodity that producers are willing and able to offer for sale at a specified price
The amount a supplier is willing and able to supply at a certain price?
quantity supplied: amount a supplier is willing and able to supply at a certain price
What is an amount producers are willing and able to sell at a given price?
Supply schedule or a supply.
What does a supply schedule show in a table format?
a list of the amount of a product that producers are willing to produce at various market prices
Define supply and supply schedule?
It is a table that lists of the amount of a product that producers are willing to produce at various market prices. It shows the relationship between price and quantity supplied for a specific good.
What is the difference between supply and quantity supplied?
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.
What is supply economics?
a) willingness and ability to offer goods and services for sale b) the amount of a commodity that producers are willing and able to offer for sale at a specified price
The amount a supplier is willing and able to supply at a certain price?
quantity supplied: amount a supplier is willing and able to supply at a certain price
Supply and quantity supplied?
Supply means ,A fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Quantity supplied is a change in price along the supply curvereffers to the ammount of goods and services producers are able and willing to put on the market for sale at a given price in a given period of timeQuantity Supplied : The ammount of goods producers are willing to put on the market at a given price
What is the amount of a good or service that producers are willing to provide called?
Demand
What is the amount of a good or service that consumers are willing to buy at a certain price?
supply
What is an aggregate expenditure schedule?
It's the amount consumers are willing to pay, fluctuating with matters such as interest rates and consumer confidence
Why market prices are better than government determined prices?
Market prices tend to an equilibrium where buyers' demand for the good is worth less than the sellers' cost of supplying the good. Put another way, buyers are willing to pay less than the amount producers are willing to accept. Government sets its prices above or below this point. If the price is above the equilibrium buyers will demand less than producers supply. On the other hand, if price is below the equilibrium sellers will supply less than buyers demand.
Explain briefly what is demand and supply curve?
Supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy. Demand refers to how much quantity of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer. The quantity supplied refers to the amount of a certain good producers are willing to supply when receiving a certain price. The correlation between price and how much of a good or service is supplied to the market is known as the supply relationship. Price, therefore, is a reflection of supply and demand.
