Instructions: Identify the Following

question 62

Essay

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
James Oglethorpe, Georgia

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Definitions:

Change In Supply

A shift in the quantity of a good that producers are willing and able to sell at various prices, due to factors other than the price of the good itself.

Change In Quantity Supplied

The difference in the amount of a product that producers are willing and able to sell due to a change in price.

Law Of Supply

The claim that, other things being equal, the quantity supplied of a good rises when the price of the good rises.

Quantity Supplied

The level of a product or service that is available from producers who are inclined and able to sell at a designated price.