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  • 03) Supply Analysis

    Uploaded by

    Gagan Deep Singh
    9 views50 pages
    This document contains information about supply and demand curves, including: - It defines supply as the willingness and ability of producers to sell a good, which is influenced by factors like price, cost of production, and government policies. - The supply curve slopes upward, meaning that as price increases more of a good is supplied. - Demand is the willingness and ability of consumers to purchase a good, which can be impacted by income, tastes, prices of related goods, and expectations. - The demand curve slopes downward, with higher prices leading to less quantity demanded. - Equilibrium occurs where the supply and demand curves intersect, with price and quantity balancing out between what consumers want and what producers

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    This document contains information about supply and demand curves, including: - It defines supply as the willingness and ability of producers to sell a good, which is influenced by factors like price, cost of production, and government policies. - The supply curve slopes upward, meaning that as price increases more of a good is supplied. - Demand is the willingness and ability of consumers to purchase a good, which can be impacted by income, tastes, prices of related goods, and expectations. - The demand curve slopes downward, with higher prices leading to less quantity demanded. - Equilibrium occurs where the supply and demand curves intersect, with price and quantity balancing out between what consumers want and what producers

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    9 views50 pages

    03) Supply Analysis

    Uploaded by

    Gagan Deep Singh
    This document contains information about supply and demand curves, including: - It defines supply as the willingness and ability of producers to sell a good, which is influenced by factors like price, cost of production, and government policies. - The supply curve slopes upward, meaning that as price increases more of a good is supplied. - Demand is the willingness and ability of consumers to purchase a good, which can be impacted by income, tastes, prices of related goods, and expectations. - The demand curve slopes downward, with higher prices leading to less quantity demanded. - Equilibrium occurs where the supply and demand curves intersect, with price and quantity balancing out between what consumers want and what producers

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 50

    Disclaimer: This presentation is for educational

    purposes only.
    Ability to Willingness
    Supply
    Sell to Sell
    Attribution: By Unknown author - https://www.jstor.org/pss/2222645, Public Domain,
    https://commons.wikimedia.org/w/index.php?curid=9726124
    Price

    Supply
    • Price
    • Price of related product
    • Cost of production
    • Natural conditions
    • Expectations about future prices
    • State of technology
    • Transport facilities
    • Government policies
    • Degree of competition
    • Goals of producers
    • Time element
    • Reservation price
    Attribution: By Unknown author - https://www.jstor.org/pss/2222645, Public Domain,
    https://commons.wikimedia.org/w/index.php?curid=9726124
    “Other things being constant the higher the price of the commodity,
    greater is the quantity supplied and lower the price of the commodity,
    smaller is the quantity supplied.”
    Price of commodity ‘X’ Quantity demanded of
    (in Rs.) commodity ‘X’ (in units)

    1 10
    2 20
    3 30
    4 40
    5 50
    Price of commodity X (in Rs.)

    S
    e
    5
    d
    4
    c
    3
    b
    2

    1 a
    S
    O Quantity Supplied of commodity X
    10 20 30 40 50
    (in units)
    • Supply of labour
    • Savings
    • Need for urgent funds
    • Expectations about future prices
    • Perishable goods
    • Rare collections
    • Period of recession
    • Changes in fashion
    Image Courtesy: yul38885 , Pixabay
    S

    B
    P2
    Price

    A
    P1

    O Q1 Q2
    Quantity Supplied
    Image Courtesy: thehaha , Pixabay
    S

    P1 A
    Price

    P2
    B

    O Q2 Q1
    Quantity Supplied
    Image Courtesy: ds_30 , Pixabay
    S1 S2

    A B
    P1
    Price

    S1 S2

    O Q1 Q2
    Quantity Supplied
    Image Courtesy: WikimediaImages , Pixabay
    S2 S1
    Price

    P1
    B A

    S2 S1

    O Q2 Q1
    Quantity Supplied
    Quantity Demanded Quantity Supplied of
    Price of Commodity
    of Commodity ‘X’ (in Commodity ‘X’ (in
    ‘X’ (in Rs.)
    units) units)
    1 50 10
    2 40 20
    3 30 30
    4 20 40
    5 10 50
    D S
    DD < SS

    DD > SS
    S D
    D1 S
    D

    P1 E1

    P E
    Price

    S D1
    D

    O Q Q1 Demand & Supply


    D S
    D1

    P E

    P1 E1
    Price

    S D
    D1

    O Q1 Q Demand & Supply


    S
    D
    S1

    P E
    Price

    P1 E1

    S
    D
    S1

    O Q Q1 Demand & Supply


    S1
    D
    S

    P1 E1
    Price

    P E

    S1

    S D

    O Q1 Q Demand & Supply


    D1 S
    D
    S1

    P1
    E1
    P E
    Price

    S D1
    D
    S1

    O Q Q1 Demand & Supply


    D1 S
    D
    P1 S1

    P E E1
    Price

    S D1
    D
    S1

    O Q Q1 Demand & Supply


    D1 S
    D

    S1

    P E
    Price

    P1 E1

    S D1
    D
    S1
    O Q Q1 Demand & Supply
    D S
    DD < SS
    Price Floor
    Price

    Price Ceiling

    S DD > SS D

    O Quantity Demanded & Supplied

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