Chapter 5 Ecomomics

the table showing how much a producer will supply at all possible prices is called

The Law of Supply is the principle of

Firms view ______ as a cost of production.

the amount for sale at a given price is

Expectations about the future price of a product can also affect the

What is Supply?

amount of product offered at all possible prices is demand

a decrease in quantity supplied causes

graph that shows the different amount of a product supplied over a range of possible prices

a graph that shows the various amounts offered by all firms over a range of possible prices

new technology tends to..

gov't. payment to a individual or group to encourage or protect a certain economic activity is

who controls the economy

change in cost of resources such as land, labor and capital can cause a ----- in supply

supply curve and demand curve are the same thing