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
a. 1  There is a positive relationship between price and quantity supplied. 2  b. As the price of a product increases, firms will supply less of it to the market. 3  c. As the price of a product increases, firms will supply more of it to the market. 4  d. A and C only.