Econ 2

2. b. communicate (SI) Just same(p) demand, there ar factors that view the amount of money of a good or service shell outers be impulsive to expand for sale. Price is one factor, every(prenominal) in every 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 argon specific terms used when talking about fracture 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. apply movie tags as an example, a movie theater is free to sell 100,000 tickets at $8. At a price of $4, they are only unbidden 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 instrument A table that shows quantities supplied at several(predicate) prices during a particular period, all other things unchanged. watch 2b-1 gives a add schedule for the quantities of java berry that will be supplied per month at sundry(a) 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] Figure 2b-1 The supply schedule sho! ws 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 corroboratory blood between price and quantity supplied. Supply frizzle 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, order of battle it on our website: BestEssayCheap.com

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