History, 08.04.2020 00:53 alexisgilford
Lesson 1 What is Supply?
Review Questions
Directions: Read each main idea and complete the statements below. Refer to your textbook as you write
the answers.
A. An Introduction to Supply
Main Idea: Supply is the amount of a product available for sale at all possible prices. Many factors affect product
supply
1. The Law of Supply states that
of a product will be offered at a high price and
of a product will be offered at a low price.
2. The supply schedule lists the different
of a product that are supplied at all possible
- in the market
3. The market supply curve is a graph that shows how much of a
is offered at various
prices by
producers who sell that product in a given market
4. A change in quantity supplied only takes place if there is a change in
B. Change in Supply
Main Idea: Various factors cause the supply of a product to change.
Answers: 2
History, 22.06.2019 00:10
Characteristics of what type of economic system are being described below? 1.economy in which some/all of the basic economic questions answered by central authority 2.trade generally limited to what is produced through the influence of the government a.command economies. b.market economies. c.traditional economies.
Answers: 1
History, 22.06.2019 05:30
Write an account of the boston massacre from the point of view of a british soldier involved in the event
Answers: 1
History, 22.06.2019 07:00
How can the relationship be described between the cold war and the civil right movement? why?
Answers: 3
Lesson 1 What is Supply?
Review Questions
Directions: Read each main idea and complete t...
Review Questions
Directions: Read each main idea and complete t...
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