Supply

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Subsidy
a grant given to producers, usually to encourage production of a certain good
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Supply
the amount of product that suppliers makes available to the market at any given price in any given period of time
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Supply Curve
a line drawn on a graph that shows how much of a good suppliers are willing to supply at different prices
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Price
the main factor which determines the supply for a product
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Changes in the costs of production
wages, raw materials, energy, went and machinery all effect the rate of supply
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Other cards in this set

Card 2

Front

the amount of product that suppliers makes available to the market at any given price in any given period of time

Back

Supply

Card 3

Front

a line drawn on a graph that shows how much of a good suppliers are willing to supply at different prices

Back

Preview of the back of card 3

Card 4

Front

the main factor which determines the supply for a product

Back

Preview of the back of card 4

Card 5

Front

wages, raw materials, energy, went and machinery all effect the rate of supply

Back

Preview of the back of card 5

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