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What does Quantity Supplied means?
How much stuff that's included.
Use the word accumulate in a sentence?
Accumulate means to acquire or gather an increasing quantity of. A sample sentence is: "She wants to accumulate money to build her dream house".
What can you use to show that one quantity is greater than another quantity?
You use the "greater than" symbol, > .
What is a sentence for quantity?
"There sat a large quantity of apples all heaped up in a pile." "The bricks are heavy but because there is only a small quantity, it won't take long to shift them." "Remember, it's the quality of the products we sell, not the quantity that matters." Quantity basically means the amount of something.
What does it mean when the supply line is horizontal?
When the supply line is horizontal, it indicates that the quantity supplied remains constant regardless of changes in price. This typically occurs in perfectly elastic supply scenarios, where producers are willing to supply any amount of a good or service at a specific price but none at any lower price. In such cases, even a small change in price would not affect the quantity supplied, reflecting a highly competitive market condition.
A change in quantity supplied is the result of what?
a change in quantity supplied is the result of
An increase in quantity supplied represented by?
An increase in quantity supplied is represented by demand.
When quantity supplied is more than quantity demanded its called?
A quantity supplied is more than quantity demanded its called A Surplus.
At equilibrium price the quantity is demanded always equal to the quantity supplied?
Yes, the equilibrium price equates the quantity supplied to the quantity demanded.
How can I determine the quantity supplied formula for a specific product?
To determine the quantity supplied formula for a specific product, you can use the basic economic principle of supply. The quantity supplied formula is typically represented as Qs a bP, where Qs is the quantity supplied, a is the intercept of the supply curve, b is the slope of the supply curve, and P is the price of the product. By analyzing market data and understanding the relationship between price and quantity supplied, you can derive the specific formula for the product you are interested in.
When does shortage and surplus occur?
A shortage occurs when quantity demand exceeds quantity supplied. A surplus occurs when quantity supplied exceeds quantity demanded.
How does the quantity supplied change as the price increases?
As the price increases, the quantity supplied also increases. This is known as the law of supply, which states that there is a direct relationship between price and quantity supplied.
When quantity supplied exceeds quantity demanded there is?
surplus
When does law of supply occur?
When price rises, the quantity supplied rises; as price falls, the quantity supplied falls.
An increase in quantity supplied is represented by?
An increase in quantity supplied is represented by demand.
What is a measure of the way quantity supplied reacts to a change in price?
It is Price Elasticity of Supply. It is defined as the ratio of a percentage change in quantity supplied to the percentage change in price (which brought about the change in quantity supplied).
The measure of the way quantity supplied reacts to change in price is?
It is Price Elasticity of Supply. It is defined as the ratio of a percentage change in quantity supplied to the percentage change in price (which brought about the change in quantity supplied).
