A supply schedule is a table that reports the ________.

A.

different quantities of a good that producers are willing to sell at different income levels

B.

different quantities of a good that producers are willing to sell at different prices

C.

profits earned by producers at different levels of production

D.

expected excess supply in the market at different prices

Question

06-12-2022
Business

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A supply schedule is a table that reports the ________.

A.

different quantities of a good that producers are willing to sell at different income levels

B.

different quantities of a good that producers are willing to sell at different prices

C.

profits earned by producers at different levels of production

D.

expected excess supply in the market at different prices

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abhinavjh321 abhinavjh321 · Answer 1 · 2022-12-12T18:17:57-05:00

The quantity supplied at each price is listed in a table called a supply schedule. Thus Correct answer would be an option (B).

A supply schedule is a tabular representation of the many goods that a supplier supplies throughout time in varying quantities and at various prices.

The supply schedule depicts the connection between the cost of goods and the volume provided. Another way to put it is that a supply schedule is a tabular representation of the law of supply.

According to the law of supply, all other things remain constant, when the price of a commodity decreases, the supply will also decrease; conversely, when the price of a commodity increases, the supply of items in the market will increase.

There are two types of schedules for supply, which are similar to the demand schedule depicting the law of Demand,

Schedule for Individual Supplies.
Schedule for The Market Supply.

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