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Supply schedual: price due to amount of products
Supply curve: price due to quality of products
I hope this helped, like 95% sure its correct lmao #tybg
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∙ 10y ago
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Do market and supply curves have negative slopes?
Do market supply curves have negative slopes
Because of the law of supply supply curves always slope?
upward and to the right
Which of these shows the amount of goods and services demanded by buyers?
both demand schedules and demand curves PSG on A+
How does a supply curve illustrate the law of supply?
it always rises from left to right
What causes abnormal supply curves?
Abnormal supply curve is caused by fall in price
Do market and supply curves have negative slopes?
Do market supply curves have negative slopes
Because of the law of supply supply curves always slope?
upward and to the right
Which of these shows the amount of goods and services demanded by buyers?
both demand schedules and demand curves PSG on A+
How does a supply curve illustrate the law of supply?
it always rises from left to right
What causes abnormal supply curves?
Abnormal supply curve is caused by fall in price
What is eqiliblum point in the demand and supply?
The point of intersection of Demand and Supply curves is the equilibrium point.
In the supply and demand model a negative externality results in?
supply curves To the left. !!!!QI had that class
What is point located at the supply and demand curves intersect?
The equilibrium price.
What is located at the point where the supply and demand curves intersect?
The equilibrium price.
Does supply curves tend to be more elastic in the long run or inelastic?
yes
Sources of shifts in demand curves?
Supply and Cost
What does the law of demand suggest that most demand curves will be?
The law of supply predicts the supply curve will be upward sloping.
