Explain about the supply curve or supply schedule, Biology

Assignment Help:

Explain about the supply curve or supply schedule.

The supply curve or schedule shows the total quantity of a good or a service supplied within aggregate, by whole sellers or firms into the market at altered prices. The law of supply states about prices decrease the quantity supplied falls and also vice versa.

According to the theory of supply as sellers desire to maximise profit, a higher price would support existing suppliers to expand output because of more profit per unit being earned, the increase in price may attract also more firms within the industry. But a lower price would cause existing firms to depart the industry or to contract production of the good or service because of lower profits being earned.


Related Discussions:- Explain about the supply curve or supply schedule

Amoebae - protozoan, Amoebae - Protozoan Amoebae may be naked or enclo...

Amoebae - Protozoan Amoebae may be naked or enclosed in tests or shells. The marine, freshwater and parasitic naked amoebae have large commonly tubular lobopodia or fine strap

Define effect of enery on quality and quantity of human milk, Define Effect...

Define Effect of Enery on quality and quantity of human milk? Energy: In case of chronic under nutrition, an association between postpartum weight loss and lower energy transfe

Explain solid salt and saturated aqueous solution, Explain solid salt and s...

Explain solid salt and saturated aqueous solution? In this example, the equilibrium system consists of crystalline PbCl 2 and an aqueous phase containing the species H 2 O, P

Major objectives of diarrhoea, Q. Major objectives of diarrhoea? The ma...

Q. Major objectives of diarrhoea? The major objectives in the management of diarrhoea include: 1. Fluid and electrolyte replacement 2. Removal of cause (especially if inf

Abdomen - hypertension, The purpose of examining the abdomen should be for ...

The purpose of examining the abdomen should be for detection of renal artery bruit and abnormal kidney masses like kidney tumours and polycystic kidneys. Aortic abdominal aneurysms

Draw a class diagram, Draw a class diagram: You are required to provid...

Draw a class diagram: You are required to provide a practical implementation in C++ for the following class diagram. You have to provide the solution in the form of classes in

Techniques of closed heart surgery, Techniques :  Depending on the type of...

Techniques :  Depending on the type of surgery planned, the heart may be approached through median sternotomy, left or right thoracotomy. The problems encountered could be due to

Explain differential media - culture media, Explain Differential Media - Cu...

Explain Differential Media - Culture Media? It allows differentiation among morphologically and biochemically related group of organisms. It contains certain ingredients which

Etiologic factor of ulcerative colitis, Q. Etiologic factor of ulcerative c...

Q. Etiologic factor of ulcerative colitis? No single etiologic factor has been identified although genetic auto-immune factors are thought to be involved. Although exacerbation

Types of community, Types of Community On the basis of size and degree ...

Types of Community On the basis of size and degree of relative independence communities may be divided into two types: i) Major Community: These are large-sized, well org

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd