The quantity a seller is willing and able to sell at each price... is called:
Due to the law of supply, as the price of a good increases:
As the supply curve shifts to the right:
The number of sellers, producer expectations, and increases in productivity are all:
The market clearing price is also known as:
The equilibrium price occurs at:
Each time the supply or demand curve shifts:
The price ceiling is the maximum price:
The price floor is the minimum price:
Having a price ceiling usually leads to:
Having a price floor typically leads to:
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