Supply meaning, Change in Supply, Change in quantity supply, Determinant of supply, Reason of changes in supply other than price of the products

1. PRESENTATION OF ECONOMICS
PRESENTED BY-
RINSHI SINGH
PGDM-4
DM17D38

2. SUPPLY
 SUPPLY- It is the quantity of goods & services that
producers are willing & able to supply on to the market at a
given price in a given time.
SUPPLY CURVE- It is the upward sloping line relating
price o quantity supplied.

3. DETERMINANT
OF SUPPLY
Input Price
Technology
Expectation of Sellers
Price of related goods
Govt. Policy
Natural condition
Transport Condition
Price of the goods
Non- Price Factors

4. Changein Quantity Supplied
Movement along the curve i.e. Expansion &
Contraction of supply curve
Caused by change in market price of the product

5. PRICE
QUANTITY SUPPLIED
100
300
2 50
EXPANSION/CONTRACTION OF SUPPLY

6. Changein Supply
A shift in the supply curve either left or right
Caused by change in determinants other than price of the
product
• Input price
• Technology
• Price of other goods
• Govt. policy
• Expectation of sellers
• Natural condition

7. PRICE
QUANTITY
S1
S2
S3
0
P1
Q1 Q2Q3