CONCEPT OF SUPPLY

PRESENTATION FOR
MANAGERIAL ECONOMICS
SR. NO. NAME OF STUDENT ROLL NO.

1. PRASHANT MORE 2224031

2. KAIHAN SHAIKH

3. SANKET PATIL 2224039

4. SONAL GUPTA

5. SHAKIB SHAIKH
Preview
• SUPPLY
• SUPPLY DIAGRAM
 Supply
• The quantity supplied of any good
or service is the amount that
sellers are willing and able to sell.
• According To Paul Samuelson,
“Supply Refers To The Relation
Between Market Prices And
The Amount Of Goods That
Producers Are Willing To Supply.’’
Law of supply
• The Law Of Supply Was Introduced By Prof. Alfred
Marshall In His Books ‘Principles Of Economics’ . The Law
Explains The Functional Relationship Between Price And
Quantity Supplied
• Other things being equal, when the price of a good rises, the
quantity supplied of the good also rises, and when the price
falls, the quantity supplied falls.
SUPPLY DIAGRAM