What does an individual supply schedule provide?

An individual supply schedule is a critical tool in microeconomics that illustrates the quantities of a good or service that a firm is willing to produce and sell at various prices over a given period. This relationship is typically depicted in a table format, where one axis lists different price levels, and the corresponding quantities supplied at those prices are recorded alongside each price.

This information is crucial because it helps economists and analysts understand how suppliers react to changes in market prices. When prices rise, suppliers are generally inclined to increase production to maximize profits, while lower prices might lead to reduced supply. Thus, the individual supply schedule effectively captures this dynamic, showing how quantities supplied change in response to different price points.

Other options address different concepts that do not accurately represent the primary purpose of a supply schedule. For example, a list of prices for goods supplied merely enumerates prices without connecting them to quantities, and a table of supply relationships with production costs pertains more to cost analysis than supply itself. Lastly, a chart of supply in relation to consumer demand touches on market equilibrium but does not focus solely on the supply aspect that an individual supply schedule represents.