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It's good to start with a definition of supply. Supply is the willingness and ability of a firm to supply a good (or service). Ultimately what determines the amount a firm supplies is the market price of the good. Most supply curves are upward sloping to the right (in other words a positive gradient) meaning that as price increases, supply extends. This is because as the price of the good goes up, the more willing and able a firm will be to produce a good.
The supply curve is the firms marginal cost curve above above the average variable cost curve. This is because in the short run firms only need to cover their variable costs. Below this firms cannot survive and thus will not operate (this is known as the shut down condition).
Ultimately the quantity of a good supplied is determined by the price.
Hope that helps. Talha Emir Kaplan
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∙ 12y ago
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What determines the quantity of a good that sellers supply?
The demand of the consumer determines the quantity of goods a seller supplies. Supply and demand also affects market price.
What determines a price of a good service?
The price and quantity are generally determined by the demand for the products, e.g the desire by consumers to purchase them. Generally, the greater the demand, the higher the price, and the greater the quantity that will be produced for sale.
What is suply?
Supply means to furnish with something that is required: to supply the community with good government. The total amount of a good or service available for purchase along with demand.
What determines the price and quantity produced of most goods?
Price and quantity produced of any given product and service is dependent on multiple economic, social and political factors. Assuming ceteris parabus (all else being equal) the quantity of supply and demand determine the equilibrium point, or price of a good or service.
How does supply and demand effect on the goods?
Supply and demand intersect at an equilibrium point which determines the optimal quantity of whatever good and its price level. When the demand goes up, the price level increases and the quantity of goods increases as well. When the supply goes up, the price level goes down and the quantity of the good increases. It is easier to visualize this relationship by drawing the graph with a downward sloping demand curve intersecting an upward sloping supply curve. (When drawn, it should resemble the letter "X")
What determines the quantity of a good that sellers supply?
The demand of the consumer determines the quantity of goods a seller supplies. Supply and demand also affects market price.
What determines a price of a good service?
The price and quantity are generally determined by the demand for the products, e.g the desire by consumers to purchase them. Generally, the greater the demand, the higher the price, and the greater the quantity that will be produced for sale.
What determines the price and quantity produced most goods?
Price and quantity produced of any given product and service is dependent on multiple economic, social and political factors. Assuming ceteris parabus (all else being equal) the quantity of supply and demand determine the equilibrium point, or price of a good or service.
What is suply?
Supply means to furnish with something that is required: to supply the community with good government. The total amount of a good or service available for purchase along with demand.
What determines the price and quantity produced of most goods?
Price and quantity produced of any given product and service is dependent on multiple economic, social and political factors. Assuming ceteris parabus (all else being equal) the quantity of supply and demand determine the equilibrium point, or price of a good or service.
What is the homophone for seller?
The homophone for "seller" is "cellar." Both words sound the same but have different meanings.
What is the difference between ethics and values?
values determines "what is wrong and what is good" ethics determines "doing what is good and what is bad"
How do you use the word seller in a sentence?
Hey, i have three good sentences for you!The seller said that the car was in excellent conditionWe are the number one seller of appliances in the countryThat book is our top seller
What are the sharactiristics of a good seller?
Some charactheristics of a good seller are: outgoing personality, good listening skills, hard working, passionate about what they are selling, persitent, and they set big but accheivable goals.
Is the price of a good the strongest determinant of its demand?
No - look at the example of motor fuel. No. The price of a good is not a determinant of demand at all. The price of a good determines the quantity demanded, not the demand. "The demand" is a curve showing the quantity demanded at each price. If price changes, you simply move up or down the line. The "Demand" does not change, because you are still on the same line. The strongest determinant of demand is probably the consumer(s)' taste and preferences.
How can you become a good seller?
the best way to become a good seller is to listen to your customer ,then ask more question about details of your customers needs before you do what you should to do for theme
How does supply and demand effect on the goods?
Supply and demand intersect at an equilibrium point which determines the optimal quantity of whatever good and its price level. When the demand goes up, the price level increases and the quantity of goods increases as well. When the supply goes up, the price level goes down and the quantity of the good increases. It is easier to visualize this relationship by drawing the graph with a downward sloping demand curve intersecting an upward sloping supply curve. (When drawn, it should resemble the letter "X")
