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AP Macroeconomics
Unit 1 – Basic Economic Concepts
Topic 1.5
What is supply?
The amount of a good or service that is produced at a particular price level
The relationship between the price level and the quantity demanded of a good or service
The different quantities of goods and services that firms are willing and able to produce at various price levels
The equilibrium price determined by the interaction of supply and demand
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AP Macroeconomics - 1.5 Supply
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Supply
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About Us
About Fiveable
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Terms of Use
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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