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Chapter 5 - Supply

Horizontales
Electronic business or exchange conducted over the internet
A graph that shows the quantities supplied at each and every possible price in the market
Total amount earned by a firm from the sale of its products
Stage of production where output increases at a decreasing rate as more units of variable input are added
Production period long enough to change amount of variable and fixed inputs used in production
Responsiveness of quantity supplied to a change in price
Government payment to encourage or protect a certain economic activity
Produces or brings into being
Verticales
Handled by way of
Different
Assumed but not proven
Specific amount offered for sale at a given price
Principle that more will be offered for sale at higher prices than at lower prices
Gives time, money or effort
Production period so short that only variable inputs can be changed
Amount of a product a producer or seller would be willing to offer for sale at all possible prices in a market at a given point in time