ECONOMICS 1BB3: WHAT WWILL HAPPEN TO WALMART’S EVERYDAY LOW
PRICES IF THEIR WORKERS UNIONIZE?
• Quantity Supplied (Qs): The amount of a good that sellers are willing and able to
• The variables that influence how much sellers want to sell are:
o Input prices
• Law of Supply: other things equal (Ceteris paribus), the quantity supplied of a
good rises as the price of the good rises