1.
Change in quantity supplied: the change in amount offered for sale in response to a change in price
2.
Change in supply: a situation where supplies offer different amounts of products for sale at all possible prices in the market
3.
Law of supply: the principle that suppliers will normally offer more for sale at higher prices and less at lower prices
4.
Market supply curve: the supply curve that shows the quantities offered at various prices by all firms that offer the product for sale in a given market
5.
Quantity supplied: the amount that producers bring to market at any given price
6.
Subsidy: a government payment to an individual, business, or other group in encourage or protect a certain type of economic activity
7.
Supply: the amount of a product that would be offered for sale at all possible prices that could prevail in the market
8.
Supply curve: a graph showing the various quantities supplied at each and every price that might prevail in the market
9.
Supply elasticity: a measure of the way in which quantity supplied responds to a change in price
10.
Supply schedule: A listing of the various quantities of a particular product supplied at all possible prices in the market