SUPPLY

supply is defined as

• upward sloping supply curve

• producer ability to supply different quantities of goods and services at different price and time range

• producer ability and willingness to sell or produce a particular product and services at different price and time range

• when the price is increases the quantity supply will decreases

what are the shape of the above curve

• upward sloping

• downward sloping

• concave

• convex

based on the table ,what are the relationship between price and quantity

• no relation

• negative

• positive

• zero

complete the table of market supply

• x=10 y =40 z =15

• x= 25 y = 45 z =10

• x= 25 y = 48 z =10

• x= 30 y =30 z =20

law of supply state that

• price increases quantity of supply not change

• price decreases quantity of supply increases

• price increases quantity of supply decreases

• price increases quantity of supply increases