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What is the difference between the supply and the supply curve?

Supply is the quantities of commodities in a producer willing and able to offer for sale for a particular period of time while supply curve is the use of graphical method to show the relationship between the price and the quantity supply.


How do indifference curves for complementary goods illustrate the relationship between the quantities of two goods that are consumed together?

Indifference curves for complementary goods show that as the quantity of one good consumed increases, the quantity of the other good consumed also increases to maintain a certain level of satisfaction. This illustrates the interdependence between the quantities of two goods that are consumed together.


What is the relationship between the demand schedule and the demand curve in economics?

The demand schedule and the demand curve in economics both show the relationship between the price of a good or service and the quantity demanded by consumers. The demand schedule is a table that lists different prices and the corresponding quantities demanded, while the demand curve is a graphical representation of this relationship. The demand curve is derived from the demand schedule, with price on the vertical axis and quantity on the horizontal axis. Both the demand schedule and the demand curve illustrate how changes in price affect the quantity demanded, showing an inverse relationship between price and quantity demanded.


Does a supply curve show a direct or inverse relationship between price and quantity supplied?

Yes, it does.


What best explains the purpose of the supply schedule?

to show the relationship between quantity supplied and prices

Related Questions

What graph would best show the relationship between two quantities as those quantities are changing?

parabola


What analysis tools would best show the relationship between two quantities as those quantities are changing?

line graphs


Which analysis tools would best show the relationship between two quantities as those quantities are changing?

line graph


What is a math sentence stating two quantities or expressions are equal?

A math sentence stating two quantities or expressions are equal is called an equation. Equations typically contain an equal sign (=) to show the relationship between the two sides of the equation. Solving an equation involves finding the value of the variable that makes the equation true.


How does the relationship between flying dragons and trees compare to that of iguanas and trees?

The relationship between flying dragons and trees compares to that of iguanas and trees mainly to show how trees are important to everything on earth. Without trees, life as it is known today would not be possible.


Mathematical sentence that compares quantities are called?

Mathematical sentences that compare quantities are called inequalities. These expressions show the relationship between two values using symbols such as > (greater than), < (less than), ≥ (greater than or equal to), and ≤ (less than or equal to). For example, the sentence "5 > 3" indicates that 5 is greater than 3. Inequalities are essential in various fields, including mathematics, economics, and engineering, to express constraints and comparisons.


Used to show the relationship between two variables?

Line graph is used to show relationship between two variables.


What is a mathematical way to compare quantities?

A mathematical way to compare quantities is by using ratios, which express the relationship between two quantities. Another method is through the use of inequalities, such as greater than, less than, or equal to, allowing for clear comparisons. Additionally, percentages can be employed to show how one quantity relates to another in terms of a part of a whole. These techniques provide a structured approach to understanding and analyzing differences between quantities.


What is the relationship between culture and individual?

The relationship is that an individual can live an culture and so that will show the relationship between an individual and culture.


What is the difference between the supply and the supply curve?

Supply is the quantities of commodities in a producer willing and able to offer for sale for a particular period of time while supply curve is the use of graphical method to show the relationship between the price and the quantity supply.


What does density show a relationship between?

Mass and volume.


How do indifference curves for complementary goods illustrate the relationship between the quantities of two goods that are consumed together?

Indifference curves for complementary goods show that as the quantity of one good consumed increases, the quantity of the other good consumed also increases to maintain a certain level of satisfaction. This illustrates the interdependence between the quantities of two goods that are consumed together.