Unit 5 - Supply KW Flashcards
1
Q
Subsidy
A
A grant given to producers, usually to encourage production or a certain good
2
Q
Supply
A
The amount of a product that suppliers make available to the market at any given price in a given period of time
3
Q
Supply curve
A
A line drawn on a graph that shows how much of a good sellers are willing to supply at different prices
