Question

A market supply schedule shows

Answer 1

The correct answer is:

B. the prices and quantity in an entire market.

Explanation:

The supply schedule shows you how the supply changes when you increase or reduce the price. The market supply inventory is a table that lists the amount contributed for a good or service that suppliers ultimately the whole economy are programmed and able to satisfy at all possible prices.

Answer 2

The market supply schedule is the list of the prices and the quantity supplied in the entire market.

Further Explanation:

It displays the total number of quantity of articles supplied in the market at variable prices. It is in the tabular form which shows how much of the goods and services the supplier is willing to supply at different prices. It also shows the supply changes when price increase or decreases. Supply and demand have a major role in the economy. The economy is that system where suppliers produce the goods or the services and consumers demand them. Market equilibrium is the situation where the market price is formed through the competition in which the number of goods, services bought out by buyers is equal to the number of goods and services produced by sellers. This is called a competitive price and the quantity is called competitive quantity. The three properties of Equilibrium are: Behavior of the agents should be consistent, no agents have the incentive to change the behavior. Equilibrium is the outcome of the dynamic process. The equilibrium price is the amount supplied to the equal amount demanded. The firm maximizes the profit at the price of the market.   The Nash equilibrium which is used in economics is the core alternative to the competitive equilibrium. To find the price of equilibrium one must need to plot the supply and demand. In dynamic equilibrium, various quantities grow at the same rate.  In Dynamic Equilibrium, the physical capital stock rises at a constant rate. The procedures of comparing two dynamic Equilibrium are known as comparative dynamics.

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Answer Details:

Grade: High School

Chapter: Market Supply Schedule

Subject: Social Science

Keywords: Quantity, variable prices, tabular form, supply changes.