supply

Question 1

what is the definition of supply?

Answer 1

the quantity of a good or service that a producer is both willing and able to provide at a range of given prices within a period of time

Question 2

what is a supply schedule?

Answer 2

table of that sets out the quantity of a good or service that a consumer is willing and able to buy at a range of prices within a given time frame.

Question 3

what is a supply curve?

Answer 3

graph of that sets out the quantity of a good or service that a consumer is willing and able to buy at a range of prices within a given time frame.

Question 4

what is the definition of the law of supply ?

Answer 4

as the price rises the quantity supplied will increase,or vice versa,assuming ceterius paribus

Question 5

what does the term willing and able mean in term of supply definition?

Answer 5

willing= the produce wants produce the good or service

able=they have the means to produce them