21. Suppl-y: Basic concepts Compiete the foowing tabie by seiecting the term that matches each denition. Quantity Su pply Suppl-y Law of Definition Supplied Curve Schedule Supp Iv The claim thatr other things being equal, the quantityI supplied of a good L , O L , L , increases when the price of that good rises ' A graphical object showing the relationship between the price of a good and the .. L_,- L.) L ,- L ,- amount that sellers are willing and able to supplyr at various prices A table showing the relationship between the price of a good and the amount of -. -. -. L, O L,- C , it that sellers are willing and able to supplyI at various prices The amount of a good that sellers are willing and able to supply at a given price 53 O D Q Apply your understanding of the previous key terms by completing the foibwing scenario with the appropriate terminoiogy. Your manager requests your help on a marketing research project they are conducting on the relationship between the price of seltzer and the quantityr of seltzer supplied. They hand you the following document: Prioe of Seltzer Quantity of Seltzer Supplied (Dollars per can) (Biil'ions ofcans) 0.50 750 0.75 1,000 1.00 1,500 1.25 2,000 Your task is to taloe this V and construct a graphical representation of the data. In doing sor you determine that as the price of seltzer rises, the quantity of seltzer supplied increases. This oonfin'ns the V . . u... u. \"an..." \"0.-...." .. Hm...\" -uFr...\" {Dollars per can) (Billions ofcans) 0.50 750 0.75 supply curve 1.00 supplyI schedule 1.25 law of supply quantityI of seltzer supplied Your task is to take this V and construct a graphical representation of the data. In doing so, you determine that as the price of seltzer rises, the quantity of seltzer supplied increases. This confirms the V