Econ Sep 27 - Market Supply: the sum of individual supply...

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What will happen to Wal-Mart's everyday low prices if their workers unionize? The amoun of a good that sellers willing and able to sell The variables that influence how much sellers want to sell are: Price Input price Technology expectations Low of Supply: other things equal ( ceteris paribus) , the quantity supplied of a good rises as the price of the good rises
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Unformatted text preview: Market Supply: the sum of individual supply curves Shifts in supply ( change in supply ) are caused by a change in anything other than price. Movement along the supply curve ( change in quantity supplied ) is caused by a change in a price. If supply increase, the curve shifts out If supply decrease, the curve shifts IN Text book chapter 3 Q 4, 7...
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