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Column A
1. ________ The principle that suppliers will pay offer more of a good or service at higher prices and offer less at lower prices
2. ________The measurement of responsiveness of one variable (quantity supplied) to an independent variable that changes (price); rate of change
3. ________ A supply curve that is steeper means it is more responsive to price changes, suggesting that the good or service is
4. ________ The graphic representation of the relationship between the price of a good or service and the quantity supplied of the good and service
5. ________ A table that represents the relationship between the price of a good or service and the quantity supplied of the good or service
6. ________ The amount of a product (good or service) offered at all possible prices in the market

Column B
a. Supply curve
b. Supply
c. Supply schedule
d. Law of supply
e. Elasticity
f. Elastic

Sagot :

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