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Types of supply :----

1. Individual supply

2. Market supply

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13y ago

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What are the various forms of exceptional supply?

bob marley and justin bieber


What happens to the market when a price ceiling is imposed?

If the price ceiling is above equilibrium: no effect. If the price ceiling is below equilibrium: price lowers to the ceiling level and supply falls. There is too much demand for the current level of supply. A black market forms to capture unmet demand at high prices.


What are included in the two categories of the money supply?

The money supply is typically categorized into two main components: M1 and M2. M1 includes the most liquid forms of money, such as cash, coins, and demand deposits (checking accounts). M2 encompasses M1 along with less liquid forms, such as savings accounts, time deposits, and money market accounts. Together, these categories reflect the total amount of money available in an economy for transactions and savings.


What is nominal money supply?

Nominal money supply refers to the total amount of money available in an economy at a given point in time, measured in current monetary values without adjusting for inflation. It includes various forms of currency, such as physical cash, coins, and demand deposits held by banks. The nominal money supply is a key indicator used by economists and policymakers to assess liquidity and facilitate monetary policy decisions. It contrasts with real money supply, which accounts for changes in price levels.


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.

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What are the various forms of exceptional supply?

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