The document discusses the concept of supply. It makes three key points:
1. The law of supply states that the quantity supplied of a good rises as the price rises and falls as the price falls, other factors remaining constant. This relationship is represented by the upward-sloping supply curve.
2. A movement along the supply curve shows the effect of a price change on quantity supplied, holding all else equal. A shift of the supply curve indicates how quantity supplied is affected by non-price factors like input prices, technology, taxes, and expectations.
3. The market supply curve is derived by adding the individual supply curves of all suppliers in the market. It shows the relationship between total quantity supplied in
Shifts In Demand And Supply And Market EquilibriumShikhar Bafna
1. APPLICATION OF DEMAND AND SUPPLY
2. MARKET EQUILIBRIUM
3. SHIFT IN DEMAND AND SUPPLY
+ABSTRACT OF TOPICS TO BE COVERED:
1. PRICE DETERMINATION UNDER PERFECT COMPETITION
2. EQULIBRIUM PRICE (PERFECT COMPETITION)
WITH THE HELP OF MARKET EQUILIBRIUM, MARKET DEMAND, MARKET SUPPLY AND THE EQUILIBRIUM BETWEEN DEMAND AND SUPPLY AND EFFECTS OF GOVERNMENT INTERVENTION ON MARKET PRICE.
3. EFFECTS OF SHIFT IN DEMAND AND SUPPLY ON EQUILIBRIUM PRICE AND QUANTITY
A.RIGHTWARD AND LEFTWARD SHIFT IN DEMAND
B.RIGHTWARD AND LEFTWARD SHIFT IN SUPPLY
C.SIMULTANEOUS RIGHTWARD AND LEFTWARD SHIFT IN BOTH DEMAND AND SUPPLY
WITH THE HELP OF GRAPHS FOR EACH CASE.
4. CAUSES OF SHIFT IN DEMAND CURVES
5. CAUSES OF SHIFT IN SUPPLY CURVES
Shifts In Demand And Supply And Market EquilibriumShikhar Bafna
1. APPLICATION OF DEMAND AND SUPPLY
2. MARKET EQUILIBRIUM
3. SHIFT IN DEMAND AND SUPPLY
+ABSTRACT OF TOPICS TO BE COVERED:
1. PRICE DETERMINATION UNDER PERFECT COMPETITION
2. EQULIBRIUM PRICE (PERFECT COMPETITION)
WITH THE HELP OF MARKET EQUILIBRIUM, MARKET DEMAND, MARKET SUPPLY AND THE EQUILIBRIUM BETWEEN DEMAND AND SUPPLY AND EFFECTS OF GOVERNMENT INTERVENTION ON MARKET PRICE.
3. EFFECTS OF SHIFT IN DEMAND AND SUPPLY ON EQUILIBRIUM PRICE AND QUANTITY
A.RIGHTWARD AND LEFTWARD SHIFT IN DEMAND
B.RIGHTWARD AND LEFTWARD SHIFT IN SUPPLY
C.SIMULTANEOUS RIGHTWARD AND LEFTWARD SHIFT IN BOTH DEMAND AND SUPPLY
WITH THE HELP OF GRAPHS FOR EACH CASE.
4. CAUSES OF SHIFT IN DEMAND CURVES
5. CAUSES OF SHIFT IN SUPPLY CURVES
Demand and Supply Analysis (Economics) Lecture NotesFellowBuddy.com
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Supply is 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.
Supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy. Demand refers to how much (quantity) of a product or service is desired by buyers. ... Supply represents how much the market can offer.
Demand and Supply Analysis (Economics) Lecture NotesFellowBuddy.com
FellowBuddy.com is an innovative platform that brings students together to share notes, exam papers, study guides, project reports and presentation for upcoming exams.
We connect Students who have an understanding of course material with Students who need help.
Benefits:-
# Students can catch up on notes they missed because of an absence.
# Underachievers can find peer developed notes that break down lecture and study material in a way that they can understand
# Students can earn better grades, save time and study effectively
Our Vision & Mission – Simplifying Students Life
Our Belief – “The great breakthrough in your life comes when you realize it, that you can learn anything you need to learn; to accomplish any goal that you have set for yourself. This means there are no limits on what you can be, have or do.”
Like Us - https://www.facebook.com/FellowBuddycom
Supply is 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.
Supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy. Demand refers to how much (quantity) of a product or service is desired by buyers. ... Supply represents how much the market can offer.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Normal Labour/ Stages of Labour/ Mechanism of LabourWasim Ak
Normal labor is also termed spontaneous labor, defined as the natural physiological process through which the fetus, placenta, and membranes are expelled from the uterus through the birth canal at term (37 to 42 weeks
2. Supply
Individuals control the factors of production – inputs, or resources,
necessary to produce goods.
Individuals supply factors of production to intermediaries or firms.
3. Supply
The analysis of the supply of produced goods has two parts:
– An analysis of the supply of the factors of
production to households and firms.
– An analysis of why firms transform those
factors of production into usable goods and
services.
4. The Law of Supply
There is a direct relationship between price and quantity supplied.
◦ Quantity supplied rises as price rises, other things constant.
◦ Quantity supplied falls as price falls, other things constant.
5. Law of Supply
Law of Supply
◦ As the price of a product rises, producers will be willing to
supply more.
◦ The height of the supply curve at any quantity shows the
minimum price necessary to induce producers to supply that
next unit to market.
◦ The height of the supply curve at any quantity also shows the
opportunity cost of producing the next unit of the good.
6. The Law of Supply
The law of supply is accounted for by two factors:
– When prices rise, firms substitute
production of one good for another.
– Assuming firms’ costs are constant, a
higher price means higher profits.
7. The Supply Curve
The supply curve is the graphic representation of the law of supply.
The supply curve slopes upward to the right.
The slope tells us that the quantity supplied varies directly – in the same
direction – with the price.
10. Shifts in Supply Versus Movements Along a
Supply Curve
Supply refers to a schedule of quantities a seller is willing to sell per unit of
time at various prices, other things constant.
11. Shifts in Supply Versus Movements Along a Supply
Curve
Quantity supplied refers to a specific amount that will be supplied at a
specific price.
12. Shifts in Supply Versus Movements Along a
Supply Curve
Changes in price causes changes in quantity supplied represented by a
movement along a supply curve.
13. Shifts in Supply Versus Movements Along a Supply
Curve
A movement along a supply curve – the graphic representation of the effect of
a change in price on the quantity supplied.
14. Shifts in Supply Versus Movements Along a
Supply Curve
If the amount supplied is affected by anything other than a change in price,
there will be a shift in supply.
15. Shifts in Supply Versus Movements Along a
Supply Curve
Shift in supply – the graphic representation of the effect of a change in a factor
other than price on supply.
16. Change in quantity
supplied (a movement
along the curve)
Change in Quantity Supplied
Price
(per
unit)
Quantity supplied (per unit of time)
S0
$15
A
1,250 1,500
B
18. Shift Factors of Supply
Other factors besides price affect how much will be supplied:
◦ Prices of inputs used in the production of a good.
◦ Technology.
◦ Suppliers’ expectations.
◦ Taxes and subsidies.
19. Factors that Shift Supply
Cost of Resource prices or input costs
Elements of nature and political disruptions
Productivity
Technology
Taxes and Subsidies
Expectations future prices (producer)
Government Regulations
Number of sellers in the market
Elements of nature and political disruptions
20. Price of Inputs (Resource Prices)
When costs go up, profits go down, so that the incentive to supply also
goes down.
21. Technology
Advances in technology reduce the number of inputs needed to
produce a given supply of goods.
Costs go down, profits go up, leading to increased supply.
23. Number of Suppliers
As more people decide to supply a good the market supply increases
(Rightward Shift).
24. Individual and Market Supply
Curves
The market supply curve is derived by horizontally adding the individual
supply curves of each supplier.
25. From Individual Supplies to a Market Supply
Quantities
Supplied
A
B
C
D
E
F
G
H
I
(1)
Price
(per DVD)
(2)
Ann's
Supply
(5)
Market
Supply
(4)
Charlie's
Supply
$0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
0
1
2
3
4
5
6
7
8
0
0
1
2
3
4
5
5
5
0
0
0
0
0
0
0
2
2
0
1
3
5
7
9
11
14
15
(3)
Barry's
Supply
26. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
From Individual Supplies to a Market Supply
Price
per
DVD
Charlie Barry Ann
Quantity of DVDs supplied (per week)
$4.00
3.50
3.00
2.50
2.00
1.50
1.00
0.50
0
I
H
G
F
E
D
C
B
A
Market Supply
CA
29. Price of Related Goods or Services
The opportunity cost of producing and selling any good is the forgone
opportunity to produce another good.
If the price of alternate good changes then the opportunity cost of
producing changes too!
Example Mc Don selling Hamburgers vs. Salads.
30. Taxes and Subsidies
When taxes go up, costs go up, and profits go down, leading suppliers to
reduce output.
When government subsidies go up, costs go down, and profits go up,
leading suppliers to increase output.