| Flap 1 |
Flap 2 |
| supply | refers to the willingness and ability of producers to offer goods and services for sale. |
| supply schedule | This is a table that shows how much of a good or sevice an individual producer is willing and able to offer for sale at each price in a market. |
| supply curve | This is a graph that shows how much of a good or service an individual producer is willing and able to offer for sale at each price. |
| law of supply | This law states that producers are willing to sell more of a good or service at a higher price than they are at a lower price. |
| market supply curve | A graph that shows how much of a good or service all producers in a market are willing and able to offer for sale at each price. |
