1. A change in quantity supplied of a product is the result of a change in the __________ of the product. 2. The market supply curve is the (horizontal/vertical) sum of the individual supply curves....

1. A change in quantity supplied of a product is the result of a change in the __________ of the product.

2. The market supply curve is the (horizontal/vertical) sum of the individual supply curves.

3. A change in price causes movement along a supply curve and a change in __________.

4. Arrows up or down: In the 1990s, the world price of wool __________ and the quantity of wool supplied __________. (Related to Application 2 on page 100.)