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ch5s1

vocab

TermDefinition
supply the amount of a good or service a supplier or producer is willing and able to supply at different prices
law of supply producers are willing to sell more of a good or service at higher prices than at lower prices
supply schedule lists quantity of a product that producers are willing and able to supply at different prices
market supply schedule a table 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
supply curve graph that shows how much of a good or service an individual producer is willing and able to offer for sale at each price
market supply curve shows the data from the market supply schedule
Created by: shortbreadcookie
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