The deadlines to apply for our teacher awards are closing in! New York metropolitan area high school teachers can apply here for the Alfred P. Sloan Foundation Teaching Champion Awards until 6/30, and K-12 teachers nationwide have until 6/28 to apply here for the John Morton Excellence in the Teaching of Economics Awards!

Glossary

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Q

Quantity Demanded
The amount of a good or service people will buy at a given price in a given period of time.
Quantity Supplied
The amount of a good or service sellers are willing and able to offer at a given price in a given period of time.
Quotas
In international trade, the limit on the quantity of a product that may be imported or exported, established by government laws or regulations; in command economies, more typically a production target assigned by government planning agencies to the producers of a good or service.