1.CASE STUDY Two ways to reduce the quantity of smoking demanded: -- Public service announcements, mandatory health warnings on cigarette packages, and the prohibition of…
Slide 1Chapter 4 Part 2 Slide 2 Supply Quantity supplied – amount of a good that sellers are willing and able to sell Law of supply – the quantity supplied of a good…
Slide 1 LAW OF SUPPLY Slide 2 Focus Activity P Q 0 S What does this tell you about the Law of Supply? Slide 3 SUPPLY Law of Supply The law of supply states that, ceteris…
Supply Outline I. Law of Supply II. Supply Schedules and Supply Curves A. Supply Schedules B. Supply Curves C. Market Supply Outline (Cont.) III. Change in Supply vs. Change…