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Complete the table below by selecting the term that matches each definition

Economics Dec 12, 2020

Complete the table below by selecting the term that matches each definition.

 

Definition Quantity Supplied Supply Curve Supply Schedule Law of Supply
A graphical object showing the relationship between the price of a good and the amount that sellers are willing and able to supply at various prices        
The amount of a good that sellers are willing and able to supply at a given price        
The claim that, other things being equal, the quantity supplied of a good increases when the price of that good rises        
A table showing the relationship between the price of a good and the amount of it that sellers are willing and able to supply at various prices

Expert Solution

Definition Name of the Concept
A graphical object showing the relationship between the price of a good and the amount that sellers are willing and able to supply at various prices Supply Curve
The amount of a good that sellers are willing and able to supply at a given price Quantity Supplied
The claim that, other things being equal, the quantity supplied of a good increases when the price of that good rises Law of Supply
A table showing the relationship between the price of a good and the amount of it that sellers are willing and able to supply at various prices Supply Schedule
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