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  • Analysis of Supply: Maniquiz, Maria Janina Antonio

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    Maria Janina Maniquiz
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    The document analyzes supply, defining it as the total amount of a good or service available to consumers. It describes that supply relates to the amount available at a specific price or across a price range when graphed on a supply curve. The document also outlines the law of supply, noting there is a direct relationship between price and quantity supplied, with higher prices resulting in higher quantities supplied as sellers increase profit margins.

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    Analysis-of-Supply

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    The document analyzes supply, defining it as the total amount of a good or service available to consumers. It describes that supply relates to the amount available at a specific price or across a price range when graphed on a supply curve. The document also outlines the law of supply, noting there is a direct relationship between price and quantity supplied, with higher prices resulting in higher quantities supplied as sellers increase profit margins.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views4 pages

    Analysis of Supply: Maniquiz, Maria Janina Antonio

    Uploaded by

    Maria Janina Maniquiz
    The document analyzes supply, defining it as the total amount of a good or service available to consumers. It describes that supply relates to the amount available at a specific price or across a price range when graphed on a supply curve. The document also outlines the law of supply, noting there is a direct relationship between price and quantity supplied, with higher prices resulting in higher quantities supplied as sellers increase profit margins.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    Analysis of Supply

    Prepared by:
    Maniquiz, Maria Janina Antonio.
    Supply
    • Supply is a fundamental economic concept that describes
    the total amount of a specific good or service that is available
    to consumers. 
    • Supply can relate to the amount available at a specific
    price or the amount available across a range of prices if
    displayed on a graph.
    Supply Curve
    Law of Supply
    • There is a direct relationship between price and quantity supplied.
    • Quantity supplied of a commodity is positively related to it’s price
    • Higher the price, higher the quantity supplied.
    • The supply curve slopes upwards to the right.
    • Higher price means higher profit margin, given costs.
    • So Sellers increase their supply, when price is higher
    •

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