supply
- Created by: ishah
- Created on: 11-05-13 18:53
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- supply
- quantity G&S producer willing & able to supply given price
- change in price - movement in s curve
- shifts
- costs of raw materials
- G tax & subsidies
- climatic conditions - agriculture
- production techno
- num of producers - less supply
- change in price of substitutes
- joint supply
- rise in output of one producy rise in supply of another
- beef/leather
- rise in output of one producy rise in supply of another
- cartels
- agreements - all major producers - fix prices
- factors PES
- spare production capacity
- stock of finsished products
- ease of cost substitute factors
- time period production process
- agricultural low PES
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