Supply

Question 0

Anyone who provides good or services is a

Answer 0

Producer

Question 1

___ refers to the willingness of producers to offer goods and services for sale

Answer 1

Supply

Question 2

Two key words in the definition of supply are

Answer 2

Willingness and ability

Question 3

_____ states that when prices decrease, quantity supplied decreases,and when prices increases, quantity supplied increases

Answer 3

Law of supply

Question 4

_____ is a table that shows how much of a good or service an individual producer is willing and able to offer for sale at each price in a market

Answer 4

Supply schedule

Question 5

____ is 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

Answer 5

Market supply schedule

Question 6

Left hand side shows prices of a good or service

Answer 6

Right hand side shows quantity supplied at each price

Question 7

____ 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

Answer 7

Supply curve

Question 8

____ shows the data from the market supply schedule

Answer 8

Market supply curve

Question 9

All normal supply curves slope from the

Answer 9

Lower left to upper right