SUPPLY: Shifts in the Supply Curve
17
SUPPLY Shifts in the Supply Curve By: JONACEL DIMACALI GLORIA
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Transcript of SUPPLY: Shifts in the Supply Curve
SUPPLYShifts in the
Supply Curve
By: JONACEL DIMACALI GLORIA
What isSUPPLY?
A relationship between the price of
a product and the quantity of the
product a supplier is willing to sell at that
price, ceteris paribus.
LAW OF SUPPLY- price and
quantity supplied are positively
related.
CHANGES OCCUR IN
SUPPLY CURVE BROUGHT BY PRICE FACTOR
P
QS
$5
$3
100 150
B
A
CHANGE IN SUPPLY CURVE OF CORN AS ITS PRICE
INCREASES
CHANGES OCCUR IN
SUPPLY CURVE BROUGHT BY NON-PRICE
FACTOR
DETERMINANTS
OF SUPPLYCURVE
SUBSIDIES AND
TAXES
TECHNOLOGY
OTHER GOOD
S
NUMBER OF SELLER
EXPECTATIONS
RESOURCE PRIZE
S.T.O.N.E.R.
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