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Microeconomic simple materials

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Uploaded on
31-10-2021
Written in
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a very good and simple material that cover all the important points

Institution
Khawarizmi College
Module
Microeconomic










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Judy Whitehead Microeconomics
  • 2014
  • 9781135266233
  • Unknown

Written for

Institution
Khawarizmi college
Module
Microeconomic
All documents for this subject (3)

Document information

Uploaded on
October 31, 2021
Number of pages
24
Written in
2017/2018
Type
Other
Person
Unknown

Subjects

  • macroeconomic
  • scarcity
  • demand
  • supply
  • economics
  • opportunity cost

Content preview

Chapter 3
Supply

, Outline

 Meaning of Supply
 The Law of Supply
 The Supply Schedule
 The Supply Curve
 Market Supply
 Change in Supply vs. Change in Quantity
Supplied
 Supply function

, Meaning of Supply

 Quantity supplied: is the quantity of product
(good or service) that producers are willing and
able to sell at a certain price.

 Supply: the quantities of product that producers
are willing and able to sell it at different prices.
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