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Which of the following best explains the purpose of a supply schedule?

  • Question 1a of 10 - Supply and demand

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of the following best explains the purpose of a supply schedule?
  • Answers:
  1. To calculate how much time it takes for distribution.
  2. To demonstrate how the supply decreases as price increases.
  3. To show the relationship between quantity supplied and prices.
  4. To indicate how supply and demand relate to price.

The correct answer is: To show the relationship between quantity supplied and prices. A supply schedule shows how much of something producers are willing to supply at a given price.

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