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When the selling price of a good goes up what is the relationship to the quantity supplied?
Wiki User
∙ 9y ago
In most cases, the quantity goes down since the demand is higher that what is being supplied, leading to high competition. But yes
Wiki User
∙ 9y ago
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The relationship between quantity supplied and price is direct or inverse?
As quantity supplied goes up, price goes down. This is because the supply function is downward sloping. Thus, the relationship is inverse.
What is a table that shows the relationship between the price of a good and the quantity supplied?
Supply schedule
Which relationship is the BEST example of the Law of Supply?
The quantity of a good supplied rises as the price rises.
Does a supply curve show a direct or inverse relationship between price and quantity supplied?
Yes, it does.
What is supply function?
Indicates the relationship between the quantity of thecommodity supplied and the unit price of the commodity
When the selling price goes up what is the relationship to the quantity supplied?
cost of production goes down
When the selling price of a good goes up what is relationship to the quantity supplied?
In most cases, the quantity goes down since the demand is higher that what is being supplied, leading to high competition. But yes
The relationship between quantity supplied and price is direct or inverse?
As quantity supplied goes up, price goes down. This is because the supply function is downward sloping. Thus, the relationship is inverse.
Term for relationship between price and quantity supplied?
Demand Curve
What is a table that shows the relationship between the price of a good and the quantity supplied?
Supply schedule
Which relationship is the BEST example of the Law of Supply?
The quantity of a good supplied rises as the price rises.
Does a supply curve show a direct or inverse relationship between price and quantity supplied?
Yes, it does.
What is supply function?
Indicates the relationship between the quantity of thecommodity supplied and the unit price of the commodity
At equilibrium price the quantity is demanded always equal to the quantity supplied?
Yes, the equilibrium price equates the quantity supplied to the quantity demanded.
When does law of supply occur?
When price rises, the quantity supplied rises; as price falls, the quantity supplied falls.
What is a measure of the way quantity supplied reacts to a change in price?
It is Price Elasticity of Supply. It is defined as the ratio of a percentage change in quantity supplied to the percentage change in price (which brought about the change in quantity supplied).
What is the measure of the way quantity supplied reacts to change in price?
It is Price Elasticity of Supply. It is defined as the ratio of a percentage change in quantity supplied to the percentage change in price (which brought about the change in quantity supplied).
