Slide 1 Slide 2 Chapter 5 - Supply Slide 3 Law of Supply Suppliers (Producers) will offer more goods and services for sale at higher prices and less at low prices. Price…
Supply & Demand Before We Start Economic Terms: Market Competitive Market Perfectly Competitive Normal Good Inferior Good Substitutes Complements Ceteris Paribus “Other…
Slide 1 Supply Supply is the quantity of a good that firms are willing to produce at various prices over a particular period of time Slide 2 Slide 3 Law of Supply all other…