About Supply And Demand

1. Title Layout
Subtitle

2. SUPPLY
MEANING
• The Amount Of A Product That Is
Offered For Sale At All Possible Prices
In The Market.
LAW
• Tendency Of Suppliers To Offer More
Of A Good At A Higher Price And Less
At Lower Prices.
• Supply Curve

3. FACTORS OF SUPPLY
• Cost Of Inputs(factor Of Production)-when Production Costs Go Up
Supply Goes Down And When Production Costs Go Down Supply
Goes Up.
• Changes In Productivity(when Productivity Goes Up Supply Goes Up
And When Productivity Goes Down Supply Goes Down).
• Change In The Number Of Sellers In The Market
A)More Sellers In A Market= Increase Supply.
B)Fewer Sellers In A Market= Decrease Supply.

4. MEANING LAW
• Consumers Buy More Of A Good When
Its Price Decreases And Less When
Its Price Increases.
• Demand Curve
• Quantities Of A Particular Good Or
Service Consumer Are Willing And
Able To Buy At Different Possible
Price.
DEMAND

5. FACTORS OF DEMAND
• Changes In Income(when Income Goes Up Consumer Buy More And
When Income Goes Down Consumer Buy Less).
• Price Or Availability Of Substitutes(a Substitute Is A Good That Can Be
Used In Place Of Other).
• Price Or Availability Of Complementary Goods(complementary Goods
Are Things That Are Often Are Sold Or Used Together).
• Change In The Number Of Buyers(more People Buyers, More Sales).
• Change In Tastes And Preferences.

6. SUPPLY AND DEMAND
• Equilibrium Price Is The Price At Which Quantity Supplied Is Equal To
Quantity Demanded. The Equilibrium Price Is Where Demand And
Supply Intersect.

7. CONCLUSION
• The Law Of Supply Describes How
Price Affects PRODUCERS.
 And The Law Of Demand Describes
How Price Affects CONSUMER.

8. Gaurav
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