Supply Flashcards
1
Q
Definition of Supply
A
The quantity of a good or service the producer is willing and able to produce at any given range of prices over a period of time
2
Q
Definition of a Supply Schedule
A
A table that sets out the quantity of a good or service the producer is willing and able to produce at any given range of prices over a period of time
3
Q
What is the definition of a supply graph
A
A graph that sets out the quantity of a good or service the producer is willing and able to produce at any given range of prices over a period of time
