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What is difference between individual supply curve and market supply curve?
The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.
What is the difference between supply function and supply curve?
supply function can be defined as the quantity of a good.
The supply curve shows the relationship between what?
the supply curve shows the relationship between
Difference between learning curve and experience curve?
difference between leaning curve and experience curve
What are the key differences between the long run supply curve and the short run supply curve in economics?
The key difference between the long run supply curve and the short run supply curve in economics is that the long run supply curve is more elastic and flexible, as firms can adjust their production levels and resources in the long run. In contrast, the short run supply curve is less elastic and more rigid, as firms have limited ability to change their production capacity in the short term.
What is difference between individual supply curve and market supply curve?
The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.
What is the difference between supply function and supply curve?
supply function can be defined as the quantity of a good.
The supply curve shows the relationship between what?
the supply curve shows the relationship between
Difference between learning curve and experience curve?
difference between leaning curve and experience curve
What are the key differences between the long run supply curve and the short run supply curve in economics?
The key difference between the long run supply curve and the short run supply curve in economics is that the long run supply curve is more elastic and flexible, as firms can adjust their production levels and resources in the long run. In contrast, the short run supply curve is less elastic and more rigid, as firms have limited ability to change their production capacity in the short term.
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.
What is difference between change in supply and change in quantity supplied?
a change in supply is the shift in supply curve due to change in price of other commodities and other factors like taste,weather,income e.t.c while a change in quantity supply is the change in price of the commodity itself that affect the quantity supply,here the supply curve remain constant but there will be a movement along the supply curve.
What is the difference between a supply curve and a supply schedule?
The supply schedule just gives you the information of the Supply curve in a box, with the respective supply and its price producers want to sell their good. Remenber, This is for the supply only - dont mix them up with the supply and demand charts. The more the producer supplies the market ---> the more they want to sell their goods for. That is why it is sloped upwards. Anyways the Supply curve is just the chart or whole drawing of the supply side.
What is the difference between individual supply of labour curve and market supply of labour curve?
The individual supply of labor curve represents the relationship between the wage rate and the quantity of labor an individual is willing to supply, reflecting personal preferences and constraints. In contrast, the market supply of labor curve aggregates the individual supply curves of all workers in the market, illustrating the total quantity of labor supplied at various wage rates. While the individual curve is based on personal factors like skill level and circumstances, the market curve reflects broader trends and influences, including overall demand for labor and economic conditions.
How do you Explain the difference between change in supply and change in quantity supplied?
A change in supply means that the supply curve has shifted. With a stable demand, this will result in a change in the quantity supplied but also a change in price. A change in only quantity supplied without a change in supply would require a horizontal supply curve. Alternatively a change in quantity supplied and price may occur if there is a shift of the demand curve.
What best explains the purpose of a supply curve?
The purpose of a supply curve is to graph the relationship between quantity supplied and price charged.
What best explains the purpose of supply curve?
The purpose of a supply curve is to graph the relationship between quantity supplied and price charged.
