Supply

Quantity of the commodity which is actually brought in to the market for sale at a given price per unit of the time.

Supply Schedule:-

It means the relationship between a commodities market price and the amount of the commodity that produce are willing to produce and sell.

Price

Rs.

Quantity.

5

18

4

16

3

12

2

07

1

0

Factors Affecting Supply


  1. Own Price (if the price of produce is high is will be supply in the market.)

  2. Production Cost

a) Technology(weather’s ; or latest technology is introduced let suppose that in ancient period we are plough in the field with oxen but now we have introduced the latest technology and plough in the field with the help of tractors.)

b) Input (Factors which is involve is called the input for the example Labor salaries others expense etc.)

  1. Numbers of seller (if large no. of sellers then quantity is also increase.)

  2. Expectation (May be any kinds, May be the market strategy or it may be price will increase etc.)

  3. Market Organization (it depend on market how is the market)

  4. Price of other good.