1. Market Supply The Supply of a good or service is defined as : Quantities of a good or service that people are ready to sell at various prices within some given time period,…

1. Lesson 11. THE PRINCIPLE OF SUPPLY Learning outcomesAfter studying this unit, you should be able to: Meaning of supply Difference between supply and stock Relationship…

1. Theory of Supply Supply refers to the quantity of the commodity which the producer is willing to sell at a particular price during a particular time period. 2. Supply…

Welcome Equalibrium Price Equilibrium Equilibrium: 1. a state of rest or balance due to the equal action of opposing forces. 2. equal balance between any powers, influences,…

Methods of Demand Forecasting Managerial Economics Methods of Demand Forecasting Introduction Utility Production function Scale of production Internal economies of scale…