Econ: Ch 5-- Supply

The Law of Supply states: As price goes up, producers supply of goods _______________.

An example of a change in inputs, causing the supply curve to shift is

An example of international events affecting supply is

Which of the following will NOT shift the supply curve left or right (up or down)?

If the number of producers in an industry drops, this causes the supply curve to shift

Amount of a good or service that producers are willing and able to offer for sale at all prices

The sum of all the individual quantities supplied is known as

In the Supply/Demand model, the Y-Axis label is ________, the X-Axis label is ________.

If producers think it will be a dry summer, this is an example of what "shifter" in supply?

Taxes and subsidies are initiated by