Supply: You Want It, We Got It
Just as there is a quantity that consumers will demand at a given price, there is a quantity that producers will supply at a given price. The demand schedule depicts the relationship between the price of a good and the quantity consumers will buy. Similarly, the supply schedule depicts the relationship between the price of a good and the quantity that producers will make.
As you may imagine, the relationship between price and quantity supplied differs from that between price and the quantity demanded. Table 4.3 below depicts this relationship.
Table 4.3 The Supply Schedule
The supply schedule shows the quantity ...