The Graduate Management Admission Test is a Standardized test that measures verbal, mathematical and analytical writing skills. It is intended to help the graduate schools of business assess the potential of applicants for advanced study in business and management.
Supply Curve and Supply Schedule The term supply refers to the entire relationship between the quantity supplied and the price of a good. The supply curve shows the relationship between the quantity supplied of a good and its price when all other influences on producersâ planned sales remain the same. Supply
Supply is the amount of a product producers are willing and able to sell at a certain price. Demand is the consumerâs desire and willingness to pay for a price for a certain product or service. Background. Supply is a basic principle that is used to determine the price of a product. It is most commonly used in economics.