ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Supply Schedule-a table showing the relationship between the price of a good and the quantity supplied per period of time, other things equal. Supply Curve-a diagram showing the relationship between the price of a good and the quantity supplied per period of time, other things equal.

Detailed explanation-2: –A demand schedule is a table that shows the relationship between the price of a product and the quantity of the product demanded.

Detailed explanation-3: -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.

Detailed explanation-4: -The supply schedule is a table view of the relationship between the price suppliers are willing to sell a specific quantity of a good or service. The supply curves of individual suppliers can be summed to determine aggregate supply.

Detailed explanation-5: -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.