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Shifts in the
Supply
Curve
By: JONACEL DIMACALI GLORIA
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

CHANGE IN SUPPLY CURVE OF
CORN AS ITS PRICE INCREASES
B

$5
$3

A

100

150

QS
CHANGES
OCCUR IN
SUPPLY CURVE
BROUGHT BY
NON-PRICE
FACTOR
DETERMINANTS
OF SUPPLY

CURVE
S.T.O.N.E.R.
HAPPY
BIRTHDAY
DEBBIE!!! 

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SUPPLY: Shifts in the Supply Curve