2. supply b. Business people bear this when producing things we 3. elastic supply c. Usually rises as the rate of production increases. 4. market supply d. People want to buy more of a product when its pric 5. decrease in supply e. The various amounts of something a producer is wil 6. price effect to sell at different possible prices. 7. expectations of higher f. Producers want to sell more at higher prices than at future prices for a product g. Causes the supply curve to shift to the right. 8. more efficient equipment h. Exists when the price effect is small. 9. opportunity cost i. People want to sell less of a product at all possible 10. inelastic supply j. The sum of all producers' supplies in a given marke k. Can cause today's supply curve to shift to the left