111 B. Reviewing key Terms Read the statements below. In the space provided, write Tif the statement is true or Fif it is false. 7. Price and quantity supplied are variables on a supply schedule. 8. A supply curve shows price and quantity in a table. 9. Elasticity of supply states that the output of a good increases as the price of the good increases. 10. To create a market supply schedule, an economist needs to know the total output of all suppliers in a given market.​

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being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

a. money supply  

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