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10 cards from this deck
Total amount all producers willing & able to sell at various prices
Upward (positive relationship between price & quantity supplied)
Movement = price change; Shift = conditions of supply change
Determinants of supply other than the product's own price
Supply decreases (shifts left)
Supply increases (shifts rightward/downward)
Tax levied as a percentage of a good's price (e.g., VAT)
Fixed amount charged per unit sold, regardless of price
% change in Qs% change in price\frac{\% \text{ change in Qs}}{\% \text{ change in price}}% change in price% change in Qs
PES>1PES > 1PES>1 (quantity supplied responds more than proportionately)
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