Examlex
Explain how the courts have ruled on price fixing.
Change in Supply
The shift in the quantity of a good that suppliers are willing and able to sell, influenced by factors like costs of production, technology, or expectations of future prices.
Quantity Supplied
The total amount of a specific good or service that producers are willing and able to sell at a given price over a specified period.
Supply Curve
A graphical representation of the relationship between the price of a good or service and the quantity supplied, typically upward sloping.
Input Prices Rising
A condition where the costs of the raw materials and components needed for production increase.
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