5.4k views
9 votes
What information does a supply schedule provide?

1 Answer

3 votes

Answer:

See below

Step-by-step explanation:

A supply schedule shows the quantities that suppliers are willing to sell in the market at different prices. It is a table format with quantity on one column and prices on another. As per the law of supply, high prices lead suppliers to supply more at the market.

The supply schedule illustrates in a table format the relations between the price and the quantity supplied. It will show how the quantity increase as prices increases. The supply schedule is a tabular representation of the supply curve.

User Malasorte
by
6.2k points