Module 2 Assignment Assessments Content Your task is to complete all assigned questions to the best of your ability. In two or more sentences define, the Law of Supply? In two or more sentences define, the Law of Demand? Identify at least 4 determinants of supply? Identify at least 4 determinants of demand? In two or […]
Talk about how An increase in supply means sellers will sell more of the good at all prices and is shown as a right shift in the supply curve.
500 word summary on SUPPLY Talk about determinants of supply 1. Input costs, input prices, resource prices. (these all mean the same thing) 2. Taxes 3. Technology 4. # of sellers 5.Price of OTHER goods that the company makes 6. seller expectations Talk about law of supply The Law of Supply holds all else constant […]