What assumption does the supply schedule make?
A) Factors other than price remain the same.
B) All factors except price must change.
C) Factors other than supply remain the same.
D) All factors except supply must change.

Question

Quizplus · Accepted Answer

The supply schedule assumes that all factors other than price remain the same. This means that the quantity supplied is dependent only on the price, and not on other factors such as production costs, technology, or government regulations.

What Assumption Does the Supply Schedule Make