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A change in price causes a relatively smaller change in quantity supplied .
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What is a demand and supply curve?
A demand and supply curve is used in economic to show that in a competitive market, the price of a product will vary depending on the need of the consumers.
What is the difference between the supply and the supply curve?
Supply is the quantities of commodities in a producer willing and able to offer for sale for a particular period of time while supply curve is the use of graphical method to show the relationship between the price and the quantity supply.
Does a supply curve show a direct or inverse relationship between price and quantity supplied?
Yes, it does.
What is indeference curve?
Indifference curve is a curve. A curve that is being intersected with the budget line. In order to show the maximum satisfaction. Dave Ono:
What is the Aggregate supply curve and its axis?
The aggregate supply curve show the relationship between price level and the quantity of goods and services that producers are willing to produce when their goods are at a certain price. On the x-axis is RGDP (representing quantity of goods that suppliers are willing to produce in terms of the value of the products adjusted for inflation). On the Y-axis is price level.
What is a demand and supply curve?
A demand and supply curve is used in economic to show that in a competitive market, the price of a product will vary depending on the need of the consumers.
What is Demand and supply curve?
A demand and supply curve is used in economic to show that in a competitive market, the price of a product will vary depending on the need of the consumers.
What is the difference between the supply and the supply curve?
Supply is the quantities of commodities in a producer willing and able to offer for sale for a particular period of time while supply curve is the use of graphical method to show the relationship between the price and the quantity supply.
Aggregate demand and Aggregate supply curve?
The aggregate demand curve show what consumers are willing to buy at a given price level, whereas the aggregate supply curve shows what producers are willing to produce at a given price level.
Does a supply curve show a direct or inverse relationship between price and quantity supplied?
Yes, it does.
What supply side economics curve originally drawn on a napkin in a Washington bar purports to show that lower tax rates bring in greater tax revenues?
Laffer curve
A population of yeast grows in a test tube under ideal conditions until it runs out of space in the test tube. Which kind of curve would accurately show the changes in this population?
An S-curve
How is yield curve used in finance?
A yield curve is a graph that shows the relationship between yield and maturity on bonds. The graph plots the time or maturity on the x-axis and the yield on the y-axis. The yield curve will show how the yield on the bond changes with varying maturities.
What is indeference curve?
Indifference curve is a curve. A curve that is being intersected with the budget line. In order to show the maximum satisfaction. Dave Ono:
What is the Aggregate supply curve and its axis?
The aggregate supply curve show the relationship between price level and the quantity of goods and services that producers are willing to produce when their goods are at a certain price. On the x-axis is RGDP (representing quantity of goods that suppliers are willing to produce in terms of the value of the products adjusted for inflation). On the Y-axis is price level.
What is a Price line?
A price consumption lines show a consumer's demand for a good or service after price changes. It is draw through the equilibrium of an indifference curve and the budget line
Difference between elastic anelastic and plastic deformation?
In case of elastic deformation when the applyed stress disappears, the material returns in its initial form. In case of plastic deformation a remaining shape change occurs. Until a stress value - what is property of individual material - called flow stress, the material deforms elastically, afterwards plastically. You can find information about it for example in the following page: http://www.virginia.edu/bohr/mse209/chapter6.htm ## Please somebody correct my awful english, thanx ##
