Module 6

• Quantity Supplied
  • The amount of a good or service people are willing to sell at a specific price.
• Law of Supply
  
  • Directly proportional relationship between selling price and supply.
  • As the selling price increases, quantity increases.
• Selling Demand Curve
  • Upward sloping from left to right.
    • Price is on the y-axis.
    • Quantity is on the x-axis.
  • A movement on the supply curve is a result of a change in selling price.