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chapter 5 sec 1 of economics at Derry

Jeffrey Kelly

on 27 April 2010

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Transcript of Supply

Supply Quantity supplied is the amount of a product a producer is willing to bring to the market Law of Supply The amount of goods available Supplier will offer more of a good at a higher price and less at a lower price. Market Entry Why would someone chose to enter a market? Quick get out of the market! Why? What is a supply schedule? A list of how much a supplier will offer at each price The Supply Curve How would you create it?
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