Chapter 21
Supply
(462-475)

	1.	What is the term for the principle that suppliers will normally offer more for sale at higher prices and less at lower prices?  (463)

	2.	A _________________________is a graph showing the quantities supplied at each possible price.  (463)

	3.	_________________________ describes the combination of supply schedules for all businesses that provide the same good or service? (464)

	4.	Higher _________________________mean higher costs, which cause a decrease in supply. (468)

	5.	Supply _________________________measures how the quantity supplied changes in response to price changes. (469)

	6.	A _________________________is the amount by which the quantity demanded is higher than the quantity supplied. (472)

	7.	Price _________________________ refers to the government-set maximum price that can be charged for goods and services? (473)

	8.	_________________________helps answer what to produce, how to produce, and for whom to produce. (465)

	9.	_________________________refers to the various quantities of a good or service that producers are willing to sell at all possible market prices? (462)

	10.	_________________________is the money a business receives for its products or services over and above its costs. (464)

	11.	_________________________is the degree to which resources are used efficiently to produce goods and services. (467)

	12.	In general, when _________________________get tighter, supply is restricted. (468)

	13.	What is the term for a government payment to an individual, business, or other group for certain actions?  (468)

	14.	A _________________________ is the amount by which the quantity supplied is higher than the quantity demanded. (472)

	15.	A _________________________ is a government minimum price that can be charged for goods and services. (473)