1. Dr.K.Baranidharan Present by… 2. Engineering Economics & Financial Accounting Ee&fa 218 August 2013 3. LAW OF SUPPLY 4. Law of Supply • Law of Supply- refers…
Law of Supply Law of Supply How Much Do We Make? S S2 S3 If the cost of an input INCREASES, Supply of that good will DECREASE (shift to the left) If the cost of an input…
Slide 1 Law of Supply MICROECONOMICS SSEMI2 Students will explain how the Law of Supply, prices, and profit work to determine production and distribution in an economy Slide…
Law of Supply Law of Supply How Much Do We Make? Quantity Supplied S Quantity Supplied S2 Quantity Supplied S3 If the price of an input INCREASES, Supply of that good will…