1. Define Supply
2. Define Law of Supply
3. Define Quantity Supplied
4. Copy Exhibit 3-6 (Schedule and Supply Curve)
5. In which direction does the supply curve slope?
6. What is the relationship between price and quantity supplied?
7. What happens to the supply curve if no more goods can be produced?
8. What is happing if the supply curve shifts to the left? to
the right?
9. List 4 things that can make a supply curve shift and explain how
each one affects supply.
10. Define Per unit cost