Chapter 4 - movement-- a change in quantity supplied due to...

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supply schedule—the schedule list possible prices along with the quantity supplied at each price supply curve—a curve showing the relationship between the price of a good and the quantity producers are willing and able to supply supply--- entire relationship between price and the quantity supplied of a good quantity supplied—a point of the supply curve
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Unformatted text preview: movement-- a change in quantity supplied due to a change in price market supply- the relationship between the price of a good and the quantity all producers are willing and able to sell per period markets – sort out the differences between the demanders and supplies -demanders pay the price and suppliers receive it...
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This note was uploaded on 10/05/2011 for the course ECON 2005 at Virginia Tech.

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