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Law of Supply

Taraani Mohammed

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Across
1.Also called revenue
4.On the vertical axis of the supply curve
8.All other factors (not price) being held constant
9.On the horizontal axis of the supply curve
Down
2.Amount of a good or service ONE firm is willing and able to supply at various prices
3.An increase in the price of a good or service will lead to an increase in the quantity supplied, ceteris paribus (or vice versa).
4.Individuals and groups who are involved in the production of goods and services
5.Also called profit
6.Supplies goods
7.A supply .............. is a table of figures that relates the price to the quantity a supplier will bring to the market.

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