2. GROUP G
• ENDRY AGUS SUANDI 11011700161
• GINA RAHAYU 11011700564
• SEPTIA PUTRI P 11011700489
• TRIOCAHYO UTOMO 11011700302
3. WHAT IS SUPPLY?
• Supply is amount of a product that is offered for sale at all possible
procesing on the market.
• A supply fuction is a behavior function for consumers.
• When price goes up, supply goes up.
• When price goes down, suplly goes down.
• RUMUS = Q – Q1 = P – P1
Q2 – 21 P2 – P1
P = Price
Q = Quantity
4. WHAT IS DEMAND?
• Demand Is Total Quantity Customers Are Willing and able to purchase.
• A Demand function is a behavior function for consumers.
• When price goes up, Demand goes down.
• When price goes down, Demand goes up.
• RUMUS = Q – Q1 = P – P1
Q2 – Q1 = P2 – P1
• P = Price
• Q = Quantity
5. DETERMINANTS OF SUPPLY
• Price
• Cost of production
• Technological progress
• Prices of related outputs
• Govt Policy
• All factors other than price cause a shift of the supply curve and
is called a change in supply.
6. DETERMINATION OF DEMAND
• Own Price
• Income of the customer
• Price of other goods as complement or subtituties
• Tastes and preferences
• Expectations of future prices
• Advertising
• Distribution of income