2. What Do You Mean By Supply? Supply is the amount of some product producers are willing and able to sell at a given price all other factors being held constant.
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4. Factors that shift the supply curve include :-Prices Of Other Goods. - No. Of Sellers - Change In Input Cost. - Increase In Technology. - Expectations.
5. Shift in the Supply Curve & MovementAlong The Supply Curve For an given rental price, quantity supplied is now lower than before.
7. What is Market Mechanism? Market mechanism is a term from Economics referring to the use of Money exchanged by buyers and sellers with an open and understood system of value and time trade offs to produce the best distribution of goods and services.
