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9 Cards in this Set
- Front
- Back
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supply |
amount of goods available |
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law of supply |
tendency of supplies to offer more of a good at a higher price |
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quantity supplied |
the amount a supplier is willing and able to supply at a certain price |
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supply schedule |
a chart that lists how much of a good a supplier will offer at different prices |
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variable |
a factor that can change |
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market supply schedule |
a chart that lists how much of a good all suppliers will offer at different prices |
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supply curve |
a graph of the quantity supplied of a good at different prices |
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market supply curve |
a grap of the quantity supplied of a good by all suppliers at different prices |
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elasticity of supply |
a measure of the way quantity supplied reacts to a change in price |
