Write a generalization about the relationship between price and the quantity supplied

Business

1 answer:

SVETLANKA909090 [29]3 years ago

6 0

Answer:

see below

Explanation:

Supply is the term used by economists to describe the quantity that supplies are willing to sell to buyers at a given price or different prices. As per the law of supply, the higher the price, the more quantities firms will be willing to supply.

The supply curve is a graphical illustration of the relationship between the price of a commodity, and the quantities firms are willing to supply at different prices. The supply curve is upward sloping. The X-axis of the graph indicates the quantities at different prices. This relationship can also be expressed in a tabular format known as the supply schedule.

You might be interested in

If a company pays an energy consultant just for a set period to complete a

Cloud [144]

This is true
........

8 0

2 years ago

The internal rate of return (IRR) is that discount rate that equates the present value of the cash outflows (or costs) with the

astra-53 [7]

Answer:

True

Explanation:

The internal rate of return is a measurement utilised in capital planning to appraise the productivity of potential investment. The internal rate of return is a markdown rate that makes the net present worth of all incomes from a specific task equivalent to zero. If the NPV is zero the project is not feasible and if the NPV is zero or positive the investor should invest in that particular project

6 0

3 years ago

The process of combustion occurring without an open flame is called ________.

gogolik [260]

The process of combustion occurring without an open flame is called incomplete combustion

7 0

3 years ago

After+a+student+synthesized+an+organic+compound,+she+calculated+her+reaction+yield+to+be+101%. +which+of+the+following+is+not+a+

torisob [31]

Gurl I am new here too so anything that you learned plz share I am in imitate help

7 0

2 years ago

A pizza monopolist employing third-degree price discrimination charges students $10 per pizza and everyone else $15 per pizza St

tangare [24]

Answer:

The price elasticity of demand for the students is:

inelastic.

Explanation:

The price elasticity of demand for the students is inelastic because there is no change in the quantity demanded by students that changes the price at which pizza is sold to the students. If one student buys the pizza, the price charged remains $10 and if 1,000 students buy the pizza, the price remains $10 per unit. Therefore, students' demand for the pizza is said to be static irrespective of price because the price is fixed.

8 0

3 years ago