vocabulary
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| supply | the amount of goods available
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| quantity supplied | the amount a supplier is willing and able to supply at a certain price
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| variable | a factor that can change
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| supply schedule | a chart that lists how much of a good A supplier will offer at different prices
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| market supply schedule | a chart that lists how much of a good ALL suppliers will offer at different prices
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| supply curve | a graph of the quantity supplied of a good at different prices
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| law of supply | a tendency of suppliers to offer more of a good at a higher price
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| elastic supply | a measure of the way quantity reacts to price change
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| inelastic supply | demand that is Not sensitive to price change
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| fixed cost | a cost that does not change
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| variable cost | a cost that rises and falls depending on how much is produced
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| operating cost | the cost of operating a store or factory
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| total cost | a combination of the fixed cost and the variable cost
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| subsidy | a government payment that supports a business or market
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| excise tax | a tax on the production or sale of a good
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
beth weir
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