chapter 7
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| capacity constraint | a physical limit to the quantity of a good that a firm is able to supply.
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| individual supply curve | a graph showing the different quantities of a good a firm is willing to supply at each price.
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| individual supply schedule | a list or table showing the different quantities of a good a firm is willing to supply at each price.
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| unplanned factors | those factors that can affect the supply of a good that cannot be planned by firms in advance
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| supply function | a list of all the factors affecting the supply of a good
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| state of technology | the methods of production available to firms
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| related goods | goods that a firm could produce instead of the good it is currently producing
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| perfectly inelastic supply | a situation where quantity supplied is fixed regardless of price
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| market (aggregate) supply curve | a graph showing the total quantities of a good that all firms are willing to supply at each price
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| market (aggregate) supply schedule | a list or table showing the total quantities of a good that all firms are willing to supply at each price
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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