Assignment Details

Chapter 5-Section I

Spring

Economics

Date Due

May 20, 2022

Additional Info
Supply
Use the link above to answer the following questions based on the reading.
  1. What is supply?
  2. what is the Law of Supply?
  3. What is the difference between the supply schedule and a demand schedule?
  4. How does the Law of Supply differ from the Law of Demand?
  5. Why are the supply curves upward sloping?
  6. Why does the federal government pay such subsidies?
  7. Explain how supply is different from demand.
  8. If you were a producer, what might prevent you from increasing the quantity supplied in response to an increase in price? Explain