Term
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Definition
| a schedule showing the amounts of a good or service that sellers (or a seller) will offer at various prices during some period |
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Term
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Definition
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Term
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Definition
| the principle that, other things equal, an increase in the price of a product will increase the quantity of it supplied, and conversely for a price decrease |
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Term
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Definition
| a curve illustrating supply |
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Term
1-resource prices
2-technology
3-taxes and subsidies
4-prices of other goods
5-producer expectations
6-number of sellers in the market |
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Definition
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Term
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Definition
| a change in the quantity supplied of a good of service at every price; a shift of the supply curve to the left or right |
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Term
| change in quantity supplied |
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Definition
| a change in the amount of a product that producers offer for sale because of a change in the product's price |
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