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Sept 24 note - What will happen to Wal-mart_s everyday low prices if their workers unionize.docx

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Hannah Holmes

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What will happen to Wal-mart’s everyday low prices if their workers unionize? (Ch 4) 24/09/2008 Supply Quantity supplied – the amount of good that sellers are willing and able to sell The variables that influence how much sellers want to sell are: 1) Price 2) Input price 3) Technology 4) Expectation Law of supply – other things equal (), the quantity supplied of a good rises as the price of the good rises Supply schedule P Q .05 400 .10 500 .15 600 .20
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