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Vocabulary Matching

  1. Change in supply: Different amounts offered for sale at each and every possible price in the market; shift of the supply curve.
  2. Change in quantity supplied: Change in amount offered for sale in response to a price change; movement along the supply curve.
  3. Input: Resources such as raw materials, energy, or information that are used in creating desired output.
  4. Subsidy: A sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.
  5. Expectations: A prediction by a supplier that may lead to an increase or decrease in supply depending on the anticipated outcome.