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Supply Curve

Supply Curve

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Published by samrulezzz

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Published by: samrulezzz on May 21, 2010
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11/01/2010

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Chapter IV
Analysis of Supply Curve
Dr. GOPALAKRISHNA B.V.
Faculty of MBA,SDM, Mangalore
 
 
Chapter IV
Analysis of Supply Curve
The concept supply occupies a significant placein economic theory.
Supply analysis is related to the behaviour of theproducer – supply of a commodity influenced byprice of commodity.
In the ordinary language supply mean
theamount of good offered for sale per unit of time
.
In economics,
supply means the commodity offered for sale at a price
. This means thatsupply refers to total supply offered for sale at aprice, by retailers and whole sales.
 
 
Supply Function
S
x
= f (P
x
, P
, P
y
… P
z
, O, T, t, s
S
x
= the supply of commodity XP
x
= the price of XP
= the set prices of the factor inputsemployed for producing X.O = factors outside the economic sphere.T = technology used,T = taxS = subsidy

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