The document provides an overview of the concept of supply in economics, defining it as the total amount of a specific good or service available to consumers. It discusses the law of supply, indicating that an increase in prices leads to an increase in supply, and outlines factors that can affect supply, such as production costs and technological changes. Additionally, it distinguishes between visible and invisible supply, explaining their implications in market transactions.

1. SUPPLY
BSA 1Y2-1
MANAGERIAL ECONOMICS (MECO211)
OUR LADY OF FATIMA UNIVERSITY – VALENZUELA CAMPUS
2ND SEMESTER, AY 2018-2019

2. What is the SUPPLY?
 a fundamental economic concept that describes the total amount of a specific good or
service that is available to consumers. Supply can relate to the amount available at a
specific price or the amount available across a range of prices if displayed on a graph.

3. What is the Supply?
 a fundamental economic concept that
describes the total amount of a specific good or
service that is available to consumers. Supply
can relate to the amount available at a specific
price or the amount available across a range of
prices if displayed on a graph.

4. Law of supply
 The law of supply is a basic
principle in economics that,
assuming all else being
constant, an increase in the
price of goods will have a
corresponding direct increase in
the supply thereof. The law
works similarly for a decrease in
prices.
 The basic law in supply is that
when the quantity of goods
increased then the price is also
increased.
Supply Curve

5. A SHIFT OF THE SUPPLY CURVE
 IF THE PRICE REMAINS THE SAME BUT SOME SOME OTHER
INFLUENCE ON SELLERS PLANS CHANGES, SUPPLY CHANGES
AND THE SUPPLY CURVE SHIFTS.

6. Limitations and factors affecting the
Law of Supply
 The Cost of Production
 Technological Changes
 Periods of uncertainty
 The number of suppliers
 Taxes
 Legislations

7. Visible Supply and Invisible Supply
 the amount of a good or commodity that is currently being stored
or transported that are available to be bought or sold.
 a contrast to invisible supply, which refers to an unknown or
unquantifiable amount of physical stock of a commodity that will
eventually be available for delivery upon settlement of a futures
contract.