what is supply schedule

A supply schedule is a table that shows how much of a good or service a supplier is willing to produce and sell at different prices during a specific period of time. It is a tabular format that lists the change in the number of goods or services offered for sale by the producers or suppliers at varying price levels. The supply schedule is based on the law of supply, which states that as the price of a good or service increases, the quantity supplied by producers also increases, and vice versa. The supply schedule is often used to plot a supply curve, which is a graphical representation of the relationship between the price of a good or service and the quantity supplied. The supply curve is a standard tool used in economics to summarize the relationship between supply and price. The factors that affect supply include the goods own price, the prices of related goods, production costs, technology, the production function, and expectations of sellers).