Class Notes (834,058)
Canada (508,304)
York University (35,141)
Economics (1,721)
ECON 1010 (200)
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Department
Economics
Course
ECON 1010
Professor
Dr.o'shaughnessy
Semester
Fall

Description
ECONOMICS 1BB3: WHAT WWILL HAPPEN TO WALMART’S EVERYDAY LOW PRICES IF THEIR WORKERS UNIONIZE? Supply • Quantity Supplied (Qs): The amount of a good that sellers are willing and able to sell • The variables that influence how much sellers want to sell are: o Price o Input prices o Technology o Expectations • Law of Supply: other things equal (Ceteris paribus), the quantity supplied of a good rises as the price of the good rises P Q 0.5 400 .10 500 .15 600 .20
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