[This is part of the series: The Complete Guide To Economics 101.]
What is a supply schedule?
A Supply Schedule is a table or graph that simply shows the relationship between the price of a good or service, and the quantity supplied of that good or service.
For instance, a supply schedule might show the price and corresponding quantity supplied for beef by a rancher during a given year:
|
Price Of Beef
$1.00
$1.25
$1.50
$1.75
$2.00
$2.25
$2.50
$2.75
$3.00
|
Quantity Supplied Of Beef (lbs.)
0
1,000
2,000
3,000 4,000
5,000
6,000
7,000
8,000
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