A supply schedule
A) can be used to generate a supply curve.
B) is a table reflecting the inverse relationship between price and quantity supplied.
C) shows what happens to quantity supplied when price is held constant.
D) all of the above.

Question

Quizplus · Accepted Answer

A supply schedule provides a table of the quantity of a good or service that suppliers are willing to produce and sell at different prices. It provides the necessary information to generate a supply curve, which shows the relationship between the price of a good or service and the quantity that suppliers are willing to sell at that price. Therefore, option A is the correct answer. Option B is incorrect because it refers to the law of supply, which states that there is a positive relationship between price and quantity supplied. Option C is incorrect because it describes a static relationship, while a supply schedule shows how the quantity supplied changes as the price changes.

A Supply Schedule