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Related Questions

A change in quantity supplied is the result of what?

a change in quantity supplied is the result of


How do you use quantity supplied in a sentence?

The quantity supplied the house for forty years.


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.


What is the relationship between price and the total quantity supplied by all firms in the market?

The relationship between price and the total quantity supplied by all firms in the market is known as the law of supply. According to this law, as the price of a good or service increases, the quantity supplied by firms also increases, and vice versa. This means that there is a direct relationship between price and the total quantity supplied in the market.


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 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.


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


An increase in quantity supplied is represented by?

An increase in quantity supplied is represented by demand.


When does law of supply occur?

When price rises, the quantity supplied rises; as price falls, the quantity supplied falls.