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Economics- Unit 4, Supply

Across
cost of producing ONE more unit of a good
government intervention in a market that affects the production of a good
the amount of goods and services available
a chart that lists how much of a good all suppliers will offer at different prices
the measurement of the effect of price change on the amount of a product that a supplier makes
a tax on the production or sale of a good
Down
total cost/quantity produced
a cost that does not change (rent, taxes, salaries)
sum of fixed costs + variable costs
a chart that lists how much of a good an individual supplier will offer at different prices
the principle that suppliers will produce larger quantities of goods at higher prices
a graph of the quantity supplied of a good by all suppliers at different prices
a cost that rises or falls depending on what is produced (ingredients, materials, hours worked by employees- all based on how much is produced)
the quantity supplied is the same regardless of price. (housing, electricity)
a government payment that supports a business or market