Define supply.

Describe the relationship between price and quantity supplied.

How is an increase in supply shown on the supply curve?

How is a decrease in supply shown on the supply curve?

How can lowering costs help a firm increase its production?

How can higher costs cause a decrease in a firm's production?

How can the use of technology shift the supply curve to the right?

What is the consequence of a new firm entering the market?

What is the consequence of firms leaving the market?

What is supply tax and how does it decrease supply?

What is the effect of a subsidy on supply?

How can government legislation decrease supply?

How can government legislation increase supply?

How can the climate affect supply?