what best describessupply schedule?\n a table that shows a range of prices for a good or service and the…

what best describessupply schedule?\n a table that shows a range of prices for a good or service and the quantity supplied at each price\n production timeline\n consumption forecast\n demand calendar\n\nquestion 35\n1 pts\nwhat best describessurplus?\n shortfall\n market balance\n adequate production\n the quantity supplied exceeds the quantity demanded; also called excess supply\n\nquestion 36\n1 pts\nwhat best describes total surplus?\n see social surplus\n equilibrium status\n complete deficit\n partial surplus

what best describessupply schedule?\n a table that shows a range of prices for a good or service and the quantity supplied at each price\n production timeline\n consumption forecast\n demand calendar\n\nquestion 35\n1 pts\nwhat best describessurplus?\n shortfall\n market balance\n adequate production\n the quantity supplied exceeds the quantity demanded; also called excess supply\n\nquestion 36\n1 pts\nwhat best describes total surplus?\n see social surplus\n equilibrium status\n complete deficit\n partial surplus

Answer

Brief Explanations:

  • For the definition of supply - schedule, it is a fundamental concept in economics showing price - quantity supplied relationships.
  • For surplus, in economic terms, it occurs when supply exceeds demand.
  • Total surplus is also known as social surplus in economic theory.

Answer:

  • What best describes'supply schedule'? a table that shows a range of prices for a good or service and the quantity supplied at each price
  • What best describes'surplus'? the quantity supplied exceeds the quantity demanded; also called excess supply
  • What best describes 'total surplus'? see social surplus