Economics - Supply Schedule
This information can also be shown on a supply curve.
The supply of product is the amount of a good or service that producers
are willing to sell at a particular price, at a point in time. The law of
supply states that there is a direct relationship between the price of a
product and the quantity supplied. More will be supplied at a higher price
because producers wish to maximise profit.
The quantity of a product that will be supplied at a range of prices, at a
point in time, can be presented in the form of a supply schedule.
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