Question

If Larry's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions supplied, you would advise your coworker to construct ______ using the data provided. However, if Larry's boss is more interested in the detailed numbers used to construct this visual representation, you would instead advise your coworker that a _____ would be more appropriate.

Answer 1

Answer: Supply curve , Supply schedule

Explanation:

Supply curve is defined as the representation of the graph between the price of the product and product's quantity that being able to be supplied by the seller .

The creation this graph will help Larry's boss to understand the television supply condition. The price of the product is represented on the vertical axis and horizontal axis represents quantity of the product on graph.

Supply schedule is the schedule that is formed by displaying the product's price and quantity of the product supplied by the seller willingly or according to his capability in the form of table. This table will give a clear understanding about the television supply in term of number or unit to Larry's boss.