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The supply curve shows the relationship between what?
the supply curve shows the relationship between
A typical supply curve shows a relationship between the?
price of a good and the quantity sellers would be willing to offer for sale.
What does aggregate demand curve shows?
the inverse relationship between price level and RGDP demanded
What relationship is shown by the aggregate demand curve?
The aggregate demand curve shows the relationship between the total quantity of goods and services demanded in an economy at different price levels.
What role does supply and demand curve plays in economics?
The supply and demand curves are fundamental concepts in economics that illustrate how the price of a good or service is determined in a market. The demand curve shows the relationship between the price of a product and the quantity consumers are willing to purchase, while the supply curve reflects the relationship between price and the quantity producers are willing to sell. The intersection of these curves indicates the market equilibrium, where the quantity supplied equals the quantity demanded. Changes in external factors can shift these curves, affecting prices and quantities in the market.
The supply curve shows the relationship between what?
the supply curve shows the relationship between
What curve shows the relationship between the sales price and quantity is called the demand curve?
supply
A typical supply curve shows a relationship between the?
price of a good and the quantity sellers would be willing to offer for sale.
The short term aggregate supply curve represents the relationship between what?
The short term aggregate supply curve represents the relationship between the price level and the quantity of real GDP that firms are willing to supply in the economy. It shows the level of output that firms can produce in the short run at different price levels.
What does aggregate demand curve shows?
the inverse relationship between price level and RGDP demanded
What relationship is shown by the aggregate demand curve?
The aggregate demand curve shows the relationship between the total quantity of goods and services demanded in an economy at different price levels.
Distinguish between indifference curve and isoquants?
indifference curve is a combination of two commodities. where as, isoquant curve shows a relationship between of variable factor i.e. labour and fixed factor i.e. capital.
How do a supply curve and a market supply curve differ?
A supply curve is a graph showing each and every price in that market, where as a Market supply curve shows the prices by all firms that offer the product for sale in a given market.
A production possibilities curve shows the relationship between the production of which two items?
any two categories of goods
What is a table that shows the relationship between the price of a good and the quantity supplied?
Supply schedule
The market supply curve is?
The market supply curve shows the amount of goods/services produced at any given price. There is a direct relationship between output and price. That is, if the price of goods and services is high, then sellers will produce a large number of goods and services. Conversely, if the price of goods/services is low, then output will also be low.
What is the shape of supply curve during the market period?
The supply curve during the market period is perfectly inelastic and vertical. This shows that the supply cannot be increased in the short run.
