What is supply?
Any changes in prices will cause a
It is the quantity of goods/services that
movement across the curve rather
firms are willing to sell at a given price
than a shift
over a given period of time.
The supply curve Factors affecting
supply
SUPPLY & DEMAN
Cost (labour, capital, etc).
Equilibrium
Weather.
Technology.
Price of other goods.
Subsides/tax.
Shifts in the supply curve
Any changes in prices will cause a
It is the quantity of goods/services that
movement across the curve rather
firms are willing to sell at a given price
than a shift
over a given period of time.
The supply curve Factors affecting
supply
SUPPLY & DEMAN
Cost (labour, capital, etc).
Equilibrium
Weather.
Technology.
Price of other goods.
Subsides/tax.
Shifts in the supply curve
