| the various quantities of a good or service that producers are willing to sell at all possible markets prices | | |
| the principle that suppliers will normally offer more for sale at higher prices and less at lower prices | | |
| a numerical chart that illustrates the law of supply | | |
| a graph that shows the amount of a product that would be supplied at all possible prices in the market | | |
| the money a business receives for its products or services over and above its costs | | |
| when you combine the supply schedules of all businesses that provice the same goods or service, the total is called a __ | | |
| the degree to which resources are used efficiently to produce goods and services | | |
| refers to the methods or processes used to make goods and services | | |
| a government payment to an individual , business, or other group for certain actions | | |
| a measure of how the quantity supplied of a good or service changes in response to changes in price | | |
| the amount by which the quantity supplied is higher than the quantity demanded | | |
| the amount by which the quantity demanded is higher than the quantity supplied | | |
| at this price there is neither a surplus or a shortage | | |