Front

When producers offer more of a good as its price increases and less as its price falls, this defines the

Back

law of supply

Front

Which way does a supply curve slope?

Back

up

Front

Which graph below shows the SUPPLY CURVE?

Back

A

Front

The Law of Supply states:

Back

as price increases, supply increases

Front

What does this curve represent? Options: supply, equilibrium, demand, surplus

Back

demand

Front

How many cup holders are producers willing to supply at a price of $3.00?

Back

4000

Front

What does this curve represent? Options: demand, supply, equilibrium, shortage

Back

supply

Front

When producers offer more of a good as its price increases and less as its price falls, this defines the

Back

law of supply

Front

This part of the market determines SUPPLY

Back

sellers

Front

Once a business has paid all of its costs, the money left over is ___

Back

profit