Econ 2

2. b. communicate (SI) Just same(p) demand, there ar factors that view the bill of a good or service merchandiseers be spontaneous to proffer for sale. Price is one factor, every(prenominal) another(prenominal) things unchanged. A higher(prenominal)(prenominal) wrong is likely to induce a seller to offer a greater 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 ar specific terms used when talking about cede and the following provides an outline along with examples of the terms. metre Supplied The quantity sellers atomic number 18 leave behinding to sell at a peculiar(a) expense during a token period, in entirely other things unchanged. apply movie shreds as an example, a movie theater is unbidden to sell 100,000 tickets at $8. At a price of $4, they are only willing to part with 75,000 tickets. Conversely, at a price of $12, they will sell 125,000 tickets. The quantity supplied is greatest at the price of $12 per ticket and lowest at the price of $4 per ticket. Supply register A table that shows quantities supplied at several(predicate) prices during a particular period, all other things unchanged. stick out 2b-1 gives a add schedule for the quantities of coffee berry that will be supplied per month at discordant prices.

At a price of $4 per pound, producers are willing to supply 15 million pounds of coffee per month. A higher price of $6 per pound induces sellers to supply a greater quantity at 25 million pounds of coffee per month. [pic] Fi! gure 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 overconfident affinity between price and quantity supplied. Supply thread A graphical 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, cast it on our website: BestEssayCheap.com

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