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DEPENDENT VARIABLE: A variable that is identified within the workings of the model. Also termed an endogenous variable, a dependent variable is in essence the "output" of the model. It should be compared with an exogenous variable this is the "input" of the model.
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Lesson 6: Market Supply | Unit 1: Selling Basics
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Page: 3 of 19
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Topic:
Quantity Supplied
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Second, quantity supplied. Quantity supplied is the specific quantity of a good that sellers would be willing and able to sell at a specific price. - Price and quantity supplied are a pair of numbers that go together.
Quantity supplied is not the same as supply.- Supply is the entire range of prices and quantities (all pairs of numbers).
- Quantity supplied is a specific quantity at a specific price (a quantity paired with a price).
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MACROECONOMICS The branch of economics that studies the entire economy, especially such topics as aggregate production, unemployment, inflation, and business cycles. It can be thought of as the study of the economic forest, as compared to microeconomics, which is study of the economic trees.
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BEIGE MUNDORTLE
[What's This?]
Today, you are likely to spend a great deal of time driving to a factory outlet looking to buy either a green and yellow striped sweater vest or a Boston Red Sox baseball cap. Be on the lookout for the last item on a shelf.
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This isn't me! What am I?
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The earliest known use of paper currency was about 1270 in China during the rule of Kubla Khan.
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"The secret of getting ahead is getting started. The secret of getting started is breaking your complex, overwhelming tasks into small manageable tasks, and then starting on the first one. " -- Mark Twain, writer
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IBT
Indirect Business Taxes
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