Fill This Form To Receive Instant Help
Homework answers / question archive / Select the option on the table that applies to the description
Select the option on the table that applies to the description.
Quantity Supplied | Supply Curve | Supply Schedule | Law of Supply | |
A graph showing the relationship between the price of a good and the amount of it that sellers are willing and able to sell at a variety of prices. | ||||
A table showing the relationship between the price of a good and the amount of it that sellers are willing and able to sell at a variety of prices. | ||||
The claim that, other things being equal, the quantity supplied of a good increases when the price of that good rises. | ||||
The amount of a good that sellers are willing and able to sell at a given price. |
Quantity Supplied | Supply Curve | Supply Schedule | Law of Supply | |
---|---|---|---|---|
A graph showing the relationship between the price of a good and the amount of it that sellers are willing and able to sell at a variety of prices. | Supply Curve. The supply depicts the actions of sellers in the market. This curve has a positive slope indicating that quantity supplied increases with price. | |||
A table showing the relationship between the price of a good and the amount of it that sellers are willing and able to sell at a variety of prices. | Supply Schedule. This schedule displays the quantity of product that sellers sell at various prices. | |||
The claim that, other things being equal, the quantity supplied of a good increases when the price of that good rises. | Law of Supply. At higher prices, the producers will increase their supply to the market. | |||
The amount of a good that sellers are willing and able to sell at a given price. | Quantity Supplied. Quantity sold at different prices. |