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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
What else can I help you with?
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.
Is a good excludable if it can be restricted or limited in access by a seller or authority?
Yes, a good is considered excludable if it can be restricted or limited in access by a seller or authority.
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 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 is the per unit tax on a good?
difference between the total price paid by the buyer and the price received by the seller
Is a good excludable if it can be restricted or limited in access by a seller or authority?
Yes, a good is considered excludable if it can be restricted or limited in access by a seller or authority.
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 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"
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 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.
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
Where do you get a gold coin?
Kitco.com is a good online seller.
