ECONOMICS (CBSE/UGC NET)

ECONOMICS

DEMAND

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
An individual supply schedule demonstrates
A
what will be sold in the market by a particular firm over a period of time
B
what one producer would willingly offer onto the market at various prices at any given time
C
the market supply of any commodity offered for sale at any given price
D
a combination of points on a supply curve which are directly related
Explanation: 

Detailed explanation-1: -An individual supply schedule is defined as the table that shows various quantities of a product that an individual producer or seller or entrepreneur or business firm would offer for sale at different prices during a given time based on ceteris paribus assumption.

Detailed explanation-2: -Individual Supply Schedule: Individual supply schedule is a tabular statement of the various quantities of product that is supplied by an individual or a firm at various price levels over a period of time, with all other factors being constant.

Detailed explanation-3: -The 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 supply curve can show if an increase in your price will increase the company’s willingness to produce a product.

Detailed explanation-4: -Supply-a schedule or a curve showing the amounts of a product a producer is willing and able to produce and make available for sale at each of a series of possible prices during a specific period of time.

There is 1 question to complete.