Supply Flashcards
1
Q
What is the definition of supply?
A
The Quantity of a good or service the producer is willing + able to buy at any given range of prices over a period of time.
2
Q
Whats the definition of a supply schedule?
A
A table that sets out the Quantity of a good or service the producer is willing + able to buy 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 + able to buy at any given range of prices over a period of time.
