SUPPLYShifts in the

Supply Curve

By: JONACEL DIMACALI GLORIA

What isSUPPLY?

A relationship between the price of

a product and the quantity of the

product a supplier is willing to sell at that

price, ceteris paribus.

LAW OF SUPPLY- price and

quantity supplied are positively

related.

CHANGES OCCUR IN

SUPPLY CURVE BROUGHT BY PRICE FACTOR

P

QS

$5

$3

100 150

B

A

CHANGE IN SUPPLY CURVE OF CORN AS ITS PRICE

INCREASES

CHANGES OCCUR IN

SUPPLY CURVE BROUGHT BY NON-PRICE

FACTOR

DETERMINANTS

OF SUPPLYCURVE

SUBSIDIES AND

TAXES

TECHNOLOGY

OTHER GOOD

S

NUMBER OF SELLER

EXPECTATIONS

RESOURCE PRIZE

S.T.O.N.E.R.

THANK YOU!

HAPPY BIRTHDAYDEBBIE!!!