商务英语综合教程第四册Unit 3 Supply and Demand.pptVIP

4. What does the supply schedule represent? The supply schedule, depicted graphically as the supply curve, represents the amount of some good that producers are willing and able to sell at various prices, assuming ceteris paribus, that is, assuming all determinants of supply other than the price of the good in question, such as technology and the prices of factors of production, remain the same. 5. What are the determinants of supply? The determinants of supply follow: 1) Production costs 2) The technology of production 3) The price of related goods 4) Firm’s expectations about f