58 599
Assignments Done
Successfully Done
In March 2018
Your physics homework can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Our experts will gladly share their knowledge and help you with programming homework. Keep up with the world’s newest programming trends.

Answer on Microeconomics Question for maggy iihuhua

Question #24685
1. distinguish between a supply function and a supply curve.
2. what is the ifference between a change in the quantity supplied and a shift in the supply curve?
3. explain three assumptions concerning consumer behaviour.
Expert's answer
1. A supply function represents how much of a good or service a producer/supplier will supply at a price of the product and combinations of other factors. Supply curve is graphical representation of supply function.
2. Change in the quantity supplied is the move along the supply curve, but the shift in the supply curve is the move of the curve rightward or leftward.
3. 1) Individuals possess complete and perfect info about alternatives in the market
2) Make a decision based on having all the alternatives available/objective info
3) An individuals purchases will not exceed the amount of income

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question