Question

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

Answer 1

Answer: 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.

Answer 2

Answer: A fixed supply is a supply of material that always be there.

Explanation: The supplies have a fixed quota and a variable quota, with a structure that most of the time goes unnoticed. This billing mode indicates that the subscriber must face two concepts. The fixed supply is calculated based