Econ 2

2. b. communicate (SI) Just same(p) demand, there ar factors that view the bill of a good or service betrayers be voluntary to strain for sale. Price is one factor, each another(prenominal) things unchanged. A high wrong is likely to induce a seller to offer a great quantity of a good or service. Production cost is another determinant, as well as the number of sellers in the market. Also like demand, there atomic number 18 specific terms used when talking about let and the following provides an outline along with examples of the terms. metre Supplied The quantity sellers argon leave behinding to sell at a peculiar(a) expense during a token period, every(prenominal) other things unchanged. apply movie shreds as an example, a movie theater is automatic to sell 100,000 tickets at $8. At a price of $4, they are only unforced to part with 75,000 tickets. Conversely, at a price of $12, they will sell 125,000 tickets. The quant ity supplied is greatest at the price of $12 per ticket and lowest at the price of $4 per ticket. Supply inventory A table that shows quantities supplied at several(predicate) prices during a particular period, each(prenominal) other things unchanged. augur 2b-1 gives a add schedule for the quantities of umber berry that will be supplied per month at non-homogeneous prices. At a price of $4 per pound, producers are willing to supply 15 million pounds of coffee per month. A high price of $6 per pound induces sellers to supply a greater quantity at 25 million pounds of coffee per month. [pic] Figure 2b-1 The supply schedule shows the quantity of coffee that will supplied in the United States each month at particular prices, all other things unchanged. The same information is given diagrammatically in the supply curve. The values here suggest a positive degree descent between price and quantity supplied. Supply rationalize A gra phical representation of a supply schedule. ! It shows the relationship between price and quantity supplied during a particular period, all other things...If you want to get a full essay, fix up it on our website: BestEssayCheap.com

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