Author Topic: Supply Schedule:  (Read 57 times)

Offline Md. Alamgir Hossan

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Supply Schedule:
« on: April 03, 2017, 05:08:59 PM »
A supply schedule is a chart or table that tells how many "units" of something producers will make based on the current market price of a unit. "Units" is how economists refer to whatever good or service a business actually produces lawn mowers, loaves of bread, haircuts, singing telegrams, for example. A simple supply schedule typically has two columns price and output. For each possible market price, there's a specific number of units that producers can be expected to make or in the case of a service like a haircut, make available by having barbers at the shop, scissors in hand.