商业环境Chapter7MarketSupply课程.pptVIP

Supply p202 Quantity supplied is the amount of a good that sellers are willing and able to sell. Law of Supply The law of supply states that there is a direct (positive) relationship between price and quantity supplied. Supply Schedule p203 The supply schedule is a table that shows the relationship between the price of the good and the quantity supplied. Supply Schedule Supply Curve The supply curve is the upward-sloping line relating price to quantity supplied. Supply Curve Supply for Corns Determinants of Supply (p204-205) Market price of this product Resource price (cost of productio