Class Notes (835,600)
Canada (509,275)
Economics (1,617)
ECON 1BB3 (535)
Lecture 5

lecture five

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Department
Economics
Course
ECON 1BB3
Professor
Bridget O' Shaughnessy
Semester
Winter

Description
What will happen to walmarts everyday low prices if their workers unionize Supply y Quantity supplied Q the amount of a good that sellers are willing and able to sell y The variables that influence how much sellers want to sell are 1 Price 2 Input princes 3 Technology 4 Expectationsy Law of supply other things equal ceteris paribus the quantity supplied of a good rises as the price of the good rise y Supply schedule supple curve Draw a graph P Q 05 400
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