What is Supply schedule
What is Supply schedule and how it is related to supply curve?
Expert
Supply schedule: The supply schedule is a table exhibiting the relationship among the price of a good and the quantity a producer is willing and capable to supply. The supply curve is the upward-sloping line associating price and quantity supplied. The supply schedule and the supply curve are associated since the supply curve is just a graph exhibiting the points in the supply schedule.
The supply curve slopes upward since if the price is high, supplier’s profits rise, therefore they supply maximum output to the market. The outcome is the law of supply—other things equivalent, whenever the price of good increases, the quantity supplied of the good too rises.
In calculating the GDP national income accountants:
discuss with the help of IS-LM model why money has no effect on output in classical supply case
The hypothetical information in the following table shows what the economic situation will be in 2015 if the Fed does not use monetary policy: Year Potential GDP Real GDP Price Level 2014 $15.2 trillion $15.2 trillion 110.0 2015 $15.6 trillion $15.8 trillion
What happens when AD > AS past to full employment level of employment?
When this market starts in equilibrium at point e on S0D0 and then young American families rousingly “inherit” furniture as their baby-boomer parents shift into smaller retirement homes, then this market will tend to shift in the direction of: (i) point i.
How can we analyze the number of event that influences the market?
If $9 is required to buy £2, what is the exchange rate for USA dollar? Answer: £1 = 9/2 = $4.5, i.e., £1 = $4.5.
A country’s balance of trade is Rs. 75 crores. The value of imports of goods is Rs. 100 crores. What is the value of exports of goods?
Can anybody suggest me the proper explanation for given problem regarding problem of scarcity in economics generally. The problem of scarcity means that the origin for each economic activity is to: (v) facilitate s
18,76,764
1955741 Asked
3,689
Active Tutors
1445629
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!