Category: 3. Supply Analysis

What is Market Equilibrium? Market Equilibrium is a situation where the price at which quantities demanded and supplied are equal (Supply = Demand). When the market is in equilibrium, there is no tendency for prices to change. Table of Content [Show] Market system is driven by two forces, which are demand and supply. This is because these…

Movement and Shift In Supply Curve Movement in Supply Curve Movement along Supply Curve is when the commodity experience change in both the quantity supply and price, causing the curve to move in a specific direction. Table of Content [Show] Shift in Supply Curve The shift in supply curve is when, the price of the commodity remains constant, but…

What is Supply Curve? Supply Curve definition: In economics, supply curve is a graphical representation of supply schedule is called supply curve. In a graph, the price of a product is represented on Y-axis and quantity supplied is represented on X-axis. Table of Content [Show] Also Read: Law of Supply Types of Supply Curve In, economics, Supply curve can be of two types, individual supply curve and…

What is Supply Schedule? In economics, a Supply schedule is defined as a tabular representation of the law of supply. It represents the quantities of a product supplied by a supplier at different prices and time periods, keeping all other factors constant. Table of Content [Show] Also Read: What is Supply? Types of Supply Schedule There can be two types…

What is the Law of Supply? The law of supply states that the relationship between price and supply of a product. According to the law of supply, the quantity supplied increases with a rise in the price of a product and vice versa while other factors are constant. The other factors may include customer preferences, size of the…

What is Determinants of Supply? Supply does not remain constant all the time in the market. There are many factors that influence the supply of a product. Generally, the supply of a product depends on its price and cost of production. Thus, it can be said that supply is the function of price and cost of production.…

What is Supply? Supply is an economic principle can be defined as the quantity of a product that a seller is willing to offer in the market at a particular price within specific time. The supply of a product is influenced by various determinants, such as price, cost of production, government policies, and technology. It is…