Answer:
Quantity supplied and Supply schedule
Explanation:
Quantity supplied is the amount or number of the quantity of the commodity or the product that the producers are willing to sell at a specific price and at a particular time.
In short, it is defined as the amount of the goods, the businesses offer at the particular price.
The supply schedule is the schedule or the chart which states the product which the supplier have to produce in order to meet the demands of the customers.
In short, it is the table or the chart which states the quantity being supplied at the different prices in the market.
Answer:
Supply and supply curve
Explanation:
Supply refers to the total quantity that firms are willing to sell in the market place at a given price, at a period. Suppliers, as business people, will be willing to sell more if the prices are high. High prices present a chance for better profits.
A supply curve graphically illustrates the relationship between the quantity supplied and price. The curve is upward slowing and will show how quantity increases as price rises. The relationship can also be expressed in a table form called the supply schedule.
