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6 Cards in this Set
- Front
- Back
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the amount of a product that would be offered for sale at all possible prices that could prevail in the market
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supply
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a person that provides products to consumers
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supplier
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a listing of the various quantities supplied at each and every price that might prevail in the market
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supply schedule
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a graph following the various quantities supplied at each and every price that might prevail in the market
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supply curve
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the principal that suppliers will normally offer more for sale at high prices and less at lower prices
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Law of Supply
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Name things that can cause a change in Supply
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Cost of inputs, Productivity, Technology, Taxes, Expectations, Government Regulations, Number of Seller
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