Supply - AP Macroeconomics

Supply increases. More sellers add to total market supply.

Leftward shift. Taxes increase production costs, shifting supply left.

Increase in supply. Rightward movement shows more quantity supplied at each price.

Supply decreases. Higher wages increase production costs, reducing supply.

Supply decreases. Quotas legally limit maximum quantity that can be supplied.

Technology. Non-price factor that can shift the supply curve.

Supply decreases. Disasters disrupt production, reducing available supply.

Leftward. Removing subsidies increases costs, reducing supply.

Supply increases. Subsidies reduce production costs, encouraging more supply.

Supply decreases. Higher input costs raise production expenses, reducing supply.

Price where quantity supplied equals quantity demanded. Market clearing price where supply and demand balance.

Supply decreases. Disasters disrupt production, reducing available supply.

A graph showing quantity supplied at each price. Visual representation of the price-quantity supplied relationship.

Supply decreases. Below-equilibrium ceiling reduces incentive to supply.

Supply decreases. Taxes increase production costs, discouraging supply.

Income. Income affects demand, not supply of goods.

Price where quantity supplied equals quantity demanded. Market clearing price where supply and demand balance.

Technology. Non-price factor that can shift the supply curve.

$E_s = \frac{% \Delta Q_s}{% \Delta P}$. Measures responsiveness of quantity supplied to price changes.

Supply increases. Subsidies reduce production costs, encouraging more supply.

Change in price of the good itself. Price changes cause movement along, not shifts of, the curve.

Supply curve shifts right. Higher productivity lowers per-unit costs, increasing supply.

Decrease in supply. Leftward movement shows less quantity supplied at each price.

Decrease in additional output with increased input beyond a point. Explains why supply curves slope upward at higher quantities.

Upward sloping from left to right. Reflects the positive relationship between price and quantity supplied.

Horizontal line. Infinite elasticity means any price change causes infinite supply response.

The total quantity supplied by all producers at each price. Sum of individual producer supplies at each price level.

Supply decreases. Higher input costs raise production expenses, reducing supply.

Difference between market price and minimum price producers accept. Area above supply curve and below market price.