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What is the most significant influence on the quantity supplied of any product?
Wiki User
∙ 11y ago
Price or Profit
Wiki User
∙ 11y ago
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The quantity of product X supplied can be expected to rise with a fall in what?
The quantity of product X supplied can be expected to rise with a fall in:
The quantity of a product that will be produced and sold at a specific price is the?
The quantity supplied is the quantity of a product that is produced and sold at a specific price.
If there were a shortage in a market the quantity of the product supplied would be what?
The quantity supplied in a market at some specific price must be less than the quantity demanded for a shortage to occur.
What is market clearing price?
Market clearing price is the price at which the quantity demanded of a product equals the quantity supplied.
What does Change in Quantity Supplied mean?
It indicates that the availability of a certain product has changed. In economic terms, a change in the quantity supplied would correspond to movement along the supply curve. For example, if the amount of widgets (any given product) in a market increases, the demand and price for that product decreases. If the number of widgets were to decrease, the demand and price would increase.
The quantity of product X supplied can be expected to rise with a fall in what?
The quantity of product X supplied can be expected to rise with a fall in:
The quantity of a product that will be produced and sold at a specific price is the?
The quantity supplied is the quantity of a product that is produced and sold at a specific price.
When is there a shortage in a market for a product?
Quantity demanded is less than quantity supplied.
If there were a shortage in a market the quantity of the product supplied would be what?
The quantity supplied in a market at some specific price must be less than the quantity demanded for a shortage to occur.
What is market clearing price?
Market clearing price is the price at which the quantity demanded of a product equals the quantity supplied.
What is the difference between supply and quantity supplied?
Supply is the amount of a product offered for sale at all possible prices that can succeed in a market; while quantity supplied is the amount that producers are willing and able to supply are a certain price.
What does Change in Quantity Supplied mean?
It indicates that the availability of a certain product has changed. In economic terms, a change in the quantity supplied would correspond to movement along the supply curve. For example, if the amount of widgets (any given product) in a market increases, the demand and price for that product decreases. If the number of widgets were to decrease, the demand and price would increase.
What is supply and what is demand?
Demand and supply analysis concludes that the price of a give product in the market will vary and settle at a point where there is equality between the quantity demanded and the quantity supplied. When both are equal, the price and the quantity will be at equilibrium.
What is demand and supply analysis?
Demand and supply analysis concludes that the price of a give product in the market will vary and settle at a point where there is equality between the quantity demanded and the quantity supplied. When both are equal, the price and the quantity will be at equilibrium.
What is quantity demanded?
Quantity demanded (QS) is the amount of a product or service wanted by the market. QS is corresponded to quantity supplied (QS) that regards how much of the what is wanted is actually offered. When QD equals QS the market is said to be at equilibrium.
Define supply and supply schedule?
It is a table that lists of the amount of a product that producers are willing to produce at various market prices. It shows the relationship between price and quantity supplied for a specific good.
What situation can lead to excess demand?
Scarcity of the product, or if the price of the product has dropped. JohnnyChampagne's answer: When quantity demanded is more than quantity supplied. When the actual price in a market is below the equilibrium price, you have excess demand, because a low price encourages buyers and discourages sellers.
