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SUPPLY ANALYSISSUPPLY ANALYSIS
“
Supply of o commodity is the amount of it which the sellers( or producers) are able and willing to offer for sale at aparticular price during a certain period of time.”
Supply is a relative term – related to price and time.
SUPPLY AND STOCK 
Supply comes out of stock.
Stock determines the potential supply.
Stock is the outcome of production.
 
 
 
Determinants of supply Determinant 
 
s of supply 
o
 The price The price
o
Cost of factors of productionCost of factors of production
o
 The state of technology The state of technology
o
 Tax & subsidy Tax & subsidy
o
Factors outside economic sphereFactors outside economic sphere
Supply function : Mathematical or functionalSupply function : Mathematical or functionalrelationship between supply and its determinants.relationship between supply and its determinants.
Supply schedule: Tabular relationship betweenSupply schedule: Tabular relationship betweenthe supply of a commodity at different prices overthe supply of a commodity at different prices overa given period of time.a given period of time.
Law of supply Law of su
 
 pply 
::
“Other things remainingunchanged, the supply of a commodity expandswith a rise in price and contracts with a fall inprice.”
 
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