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    Supply

    Uploaded by

    Rahul Kamal
    The document contains three graphs that illustrate the supply curve and how it can shift or change. The first graph shows a typical upward sloping supply curve. The second graph shows how the supply curve can shift inwards or outwards due to changes in costs of production. The third graph demonstrates how the supply curve can extend or contract along the existing curve due to changes in price.

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    Supply

    Uploaded by

    Rahul Kamal
    13 views1 page
    The document contains three graphs that illustrate the supply curve and how it can shift or change. The first graph shows a typical upward sloping supply curve. The second graph shows how the supply curve can shift inwards or outwards due to changes in costs of production. The third graph demonstrates how the supply curve can extend or contract along the existing curve due to changes in price.

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    The document contains three graphs that illustrate the supply curve and how it can shift or change. The first graph shows a typical upward sloping supply curve. The second graph shows how the supply curve can shift inwards or outwards due to changes in costs of production. The third graph demonstrates how the supply curve can extend or contract along the existing curve due to changes in price.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    13 views1 page

    Supply

    Uploaded by

    Rahul Kamal
    The document contains three graphs that illustrate the supply curve and how it can shift or change. The first graph shows a typical upward sloping supply curve. The second graph shows how the supply curve can shift inwards or outwards due to changes in costs of production. The third graph demonstrates how the supply curve can extend or contract along the existing curve due to changes in price.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    6000

    S
    S U P P LY 5000

    Price ($)
    4000
    Supply Curve

    3000

    2000

    S
    1000

    1 2 3 4 5 6 7 8
    Quantity Supplied (in millions)

    Supply Curve

    6000
    S2 S S1

    5000
    Price ($)

    4000 Supply Curve


    Shifts inwards

    3000 Supply Curve


    Shifts outwards

    2000
    S2

    S
    1000
    S1

    1 2 3 4 5 6 7 8
    Quantity Supplied (in millions)

    Shift in Supply Curve

    6000

    S
    5000
    Price ($)

    4000

    Rise in prices results in the


    3000 EXTENSION of Supply

    2000 Fall in prices results in the


    CONTRACTION of Supply

    1000
    S

    1 2 3 4 5 6 7 8
    Quantity Supplied (in millions)

    Extension & Contraction of Supply

    Downloaded from www.dineshbakshi.com.


    IGCSE, GCSE, A Level Business Studies, Economics and Accounting revision.
    Interactive quizzes, study notes, worksheets, mindmaps, flash games,
    business news, web games, discussion forum and lot of goodies for teachers and students.

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