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Law Of Supply

Amount of good that sellers are willing and able to sell at a given time.

Marginal Cost VS Marginal Benefit for the seller.
Wheet example:

Law of supply: Quantity supplied is positively correlated to price. As price increases, the quantity increases.

Shifts in Supply curve:

  1. Technology
    a. Vehicle technology
    b. IVF
  2. Price of Inputs
  3. Expectation of future prices
  4. Number of sellers in the market