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Home Theory of Supply

Theory of Supply:

 

Meanings of Supply:

 

Supply is of the scarce goods. It is the amount of a commodity that sellers are able and willing to offer fore sale at different price per unit of time. Continue reading.

 

Law of Supply:

 

There is direct relationship between the price of a commodity and its quantity offered fore sale over a specified period of time. Continue reading.

 

Difference Between Shift in Supply Curve and Movement:

 

While explaining the law of supply we have stated that as price rise, the quantity supplied increases and as price falls the quantity supplied increases and as price provided other things remain the same. Continue reading.

 

Determinants of Supply:

 

When the supply of the commodity rises or falls due to non-price determinants, the supply is said to have increased supply or decreased supply. The increases or decrease or the rise or fall in supply may take place on account of various factors. Continue reading.

 

Backward Bending Supply Curve of Labor:

 

We have stated earlier those supply curves are positively sloped. There can be sometime exceptions to the rule there is a backward bending supply curve of labor. Continue reading.

 

 

 

Principles and Theories of Micro Economics
Definition and Explanation of Economics
Theory of Consumer Behavior
Indifference Curve Analysis of Consumer's Equilibrium
Theory of Demand
Theory of Supply
Elasticity of Demand
Elasticity of Supply
Equilibrium of Demand and Supply
Economic Resources
Scale of Production
Laws of Returns
Production Function
Cost Analysis
Various Revenue Concepts
Price and output Determination Under Perfect Competition
Price and Output Determination Under Monopoly
Price and Output Determination Under Monopolistic/Imperfect Competition
Theory of Factor Pricing OR Theory of Distribution
Rent
Wages
Interest
Profits
Principles and Theories of Macro Economics
National Income and Its Measurement
Principles of Public Finance
Public Revenue and Taxation
National Debt and Income Determination
Fiscal Policy
Determinants of the Level of National Income and Employment
Determination of National Income
Theories of Employment
Theory of International Trade
Balance of Payments
Commercial Policy
Development and Planning Economics
Introduction to Development Economics
Features of Developing Countries
Economic Development and Economic Growth
Theories of Under Development
Theories of Economic Growth
Agriculture and Economic Development
Monetary Economics and Public Finance
History of Money

 

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