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Economics For Managers - Session 05

Economics For Managers - Session 05

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Published by Abimanyu NN
ECONOMICS FOR MANAGERS
ECONOMICS FOR MANAGERS

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Categories:Types, Business/Law
Published by: Abimanyu NN on Oct 18, 2011
Copyright:Attribution Non-commercial

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11/04/2013

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PSG INSTITUTE OF MANAGEMENTMBA 2011-13 BATCHI Trimester Session V- For Batch C and D
ECONOMICS FOR MANAGERS
 
Supply
 
The amount of a good or a serviceoffered for sale in a market duringa given period of time. (Thomas &Maurice).
There will be a willingness to supply
more
by the producers of goods andservices when there is a rise in theprice of the good or service in themarket.
Unlike the relationship betweensupply and price is NOT inverse like
23-08-2011
2
EFM- Faculty P.Uday Shankar 
 
Supply and Price
23-08-2011EFM- Faculty P.Uday Shankar 
3
A word about unusual suppliers….
Certain individual business housesmay supply goods to customers athigh prices (at non-market prices)and still retain a segment of customers…..
Certain big manufacturing units likeBHEL, SAIL may tie-up with ancillaryunits for supply of materials atprices which would be a little morethan the others in the market justto ensure quality….

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