Chapter 5 Vocab Terms
- Supply إمدادات : the amount of a product for sale
- Law of supply: suppliers will offer more products for sale at higher prices than at lower prices
- Supply schedule: a table that lists the numbers of a product supplied at various prices
- Supply curve: a graph that shows data for a single producer in a market
- Market supply curve: shows quantities offered by ALL producers that sell the same product in a market
- Interaction تفاعل: dealing or working with
- Change in supply: when suppliers offer different amounts of products for sale at market prices
- Suppliers مورد: those who make (produce) products for sale
- Subsidy المدفوعات الحكومية: A payment by the government to encourage or protect economics
- Regulations أنظمه: rules
- Supply elasticity: a measure of how the quantity supplied responds to a change in price
- Purchases مشتريات: things bought
- Adjust ضبط: to make better, fix
