ECONOMICS
DEMAND
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
is a graph and the supply schedule is a table.
|
|
|
holds the number of suppliers constant, whereas the supply schedule allows the number to vary.
|
|
|
holds resource prices constant, whereas the supply schedule allows them to vary.
|
|
|
represents one firm, whereas the supply schedule represents all firms in the market
|
Detailed explanation-1: -A supply schedule is a table that shows the quantity supplied at each price. A supply curve is a graph that shows the quantity supplied at each price. Sometimes the supply curve is called a supply schedule because it is a graphical representation of the supply schedule.
Detailed explanation-2: -A supply schedule is a graph that shows you how many products are demanded from customers at a specific price based on the supply curve. The graph depicts the relationship between the price of a product and the quantity that is supplied by the producers in the market.
Detailed explanation-3: -What Is a Supply Curve? The supply curve is a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period. In a typical illustration, the price will appear on the left vertical axis, while the quantity supplied will appear on the horizontal axis.
Detailed explanation-4: -Answer and Explanation: The supply schedule is a table showing the quantity supplied at each possible price level. The supply curve is the visual representation of the supply schedule on a graph. The supply has a positive relation to the price, which is why the supply curve slopes upward.
Detailed explanation-5: -An increase in the change in supply shifts the supply curve to the right, while a decrease in the change in supply shifts the supply curve left.