1.2 - How
markets What is meant by supply, what is
work the law of supply, what is the
shape of a supply curve, what are
the causes of a movement along
1.2.4 - and shift of the supply curve?
Supply
, • Firm = ‘an organisation
that brings together
factors of production to
produce an output’
Definition • Supply = ‘the amount a
firm is willing to produce
at a given price in a given
time period.’
markets What is meant by supply, what is
work the law of supply, what is the
shape of a supply curve, what are
the causes of a movement along
1.2.4 - and shift of the supply curve?
Supply
, • Firm = ‘an organisation
that brings together
factors of production to
produce an output’
Definition • Supply = ‘the amount a
firm is willing to produce
at a given price in a given
time period.’
