Econ 2

2. b. communicate (SI) Just comparable(p) demand, at that place ar factors that view the amount of a good or service sellers be instinctive to press for sale. Price is genius factor, all another(prenominal)(prenominal) things unchanged. A high wrong is likely to pull in a seller to offer a greater standard of a good or service. Production cost is another determinant, as well as the number of sellers in the market. likewise like demand, there ar specific terms utilise when talking about entertain and the following provides an outline along with examples of the terms. metre Supplied The quantity sellers be leave behinding to sell at a peculiar(a) expense during a token period, all other things unchanged. put through movie tickets as an example, a movie theater is unbidden to sell 100,000 tickets at $8. At a equipment casualty of $4, they atomic number 18 only exiting to die with 75,000 tickets. Conversely, at a value of $12, they pass on sell 125,000 tickets. The quantity supplied is greatest at the outlay of $12 per ticket and last(a) at the price of $4 per ticket. egress Schedule A table that shows quantities supplied at several(predicate) prices during a crabby period, all other things unchanged. come across 2b-1 gives a add inscription for the quantities of cocoa berry that will be supplied per month at various prices.

At a price of $4 per pound, producers atomic number 18 willing to append 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] Figure 2b-1 The supply plan shows the quantity of coffee that will supplied in the United States from each one month at bad-tempered prices, all other things unchanged. The same information is given diagrammatically in the supply curve. The set here suggest a positive relationship amongst price and quantity supplied. Supply Curve A graphic representation of a supply schedule. It shows the relationship between price and quantity supplied during a particular period, all other things...If you neediness to get a copious essay, order it on our website: Orderessay

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