Theme 1.2.2 Flashcards
1
Q
subsidy
A
a grant given to producers, usually to encourage production of a certain good
2
Q
supply
A
the amount of a product that suppliers make available to the market at any given price in a given period of time
3
Q
supply curve
A
a line drawn on a graph that shows how much of a good sellers are willing to supply at different prices.
