Home General What information does a supply schedule provide Brainly?

What information does a supply schedule provide Brainly?

What information does a supply schedule provide Brainly?

Answer Expert Verified It shows the supply of an item at different prices. Explanation: The definition of a supply schedule is: “A method used to show the different amounts of a certain product or item that a company would need to supply based on different price points. “

What is the purpose of an individual supply schedule?

Individual supply schedule refers to a tabular statement showing various quantities of a commodity that a producer is willing to sell at various levels of price, during a given period of time. ADVERTISEMENTS: Table 9.1 shows a hypothetical supply schedule for commodity ‘x’.

What are the two variables represented in a supply schedule or a supply curve?

A supply schedule is a table that shows the quantity supplied at different prices in the market. A supply curve shows the relationship between quantity supplied and price on a graph. The law of supply says that a higher price typically leads to a higher quantity supplied.

What is the difference between an individual supply schedule and a market supply schedule?

how are a market supply schedule and an individual supply schedule alike and different? the difference is that an individual supply schedule shows this relationship for a specific good/service, whereas a market supply schedule shows the relationship supplied by all firms in a particular market.

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What is the best example of the law of supply in the market?

Examples of the Law of Supply There is a drought and very few strawberries are available. More people want strawberries than there are berries available. The price of strawberries increases dramatically.

Why did prices rise ahead of the change in supply?

Reason is because when there is an increase in supply for goods while the demand is constant the prices will fall but to lower equilibrium price and to a higher equilibrium quantity of goods and services. However the supply of different products responds to the demand in a different way(price elasticity).

What is the difference between change in quantity supplied and change in supply?

A change in quantity supplied is a movement along the supply curve in response to a change in price. A change in supply is a shift of the entire supply curve in response to something besides price.

Which of the following is not a factor that can shift supply?

Terms in this set (16) Which of the following is not a factor that could cause a shift in supply for a certain good? a change in income: A change in income is the only choice that affects demand, which will change quantity supplied due to a shift in the demand curve but not a shift of the supply curve.

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Which factor can cause a shift in supply quizlet?

Changes in supply are caused by changes in the cost of inputs, productivity, technology, taxes, subsidies, expectations, government regulations, and the number of sellers in the market.

How do input costs affect supply?

Input costs include all resources needed for production. So if input costs increase, the price of product will increase, too. This will lead to increased supply, due to law of supply, and opposite, if input costs decrease, the price of product will be lower and this will lead to supply reduction.