Question

What does fixed supply mean? Tell what a fixed supply curve looks like and what its appearance means.

Answer 1

A fixed supply is a supply of material that always be there. The Fred supply curve looks like a slope rising upward from left to right, since product price and quantity are directly related. I.e. as the price of a commodity increases in the market, thee amount supplied increases.

Step-by-step explanation:

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Answer 2

The summary of the given question is summarized throughout the below portion.

Step-by-step explanation:

• Fixed supply would be described as more of a commodity or items will keep a fixed cost, a growing market will result in an increased balance price of the underlying security throughout the availability.
• The amounts that a supplier is prepared to offer of any sort of commodity or target market at any certain price must be displayed graphically, seen as a fixed supply curve.