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☆☆☆☆☆A market supply schedule is a chart that list how much of a good all suppliers will offer at different prices.
business cycles
Yes, but the exact way you would count that money depends on the method of GDP calculation that you use.
1) Perfectly elastic supply
2) Relative elastic supply
3) Unitary elastic supply
4) Relatively in elastic supply
5) Perfectly in elastic supply
by a shift to the right of the demand curve
Either the price drops until the consumers are prepared to buy more, or supplier are left holding surplus stocks until replacement purchases clear these inventories.
No manufactured good is truly non-perishable, and so will eventually require replacement.
advaces in tec
25 percent
it rations goods
Imperfect Compitition
lowering the costs of production of a good (novanet)
A unitary-elastic supply indicates a good with a supply-price elasticity of one, which means that a 1% change in price increases supply by 1%.
School Buss Pass
It lowers cost and increases supply.
Because it can hire workers quickly if the price rises.
raise prices
GDP
real GDP
