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:
- Technology
a. Vehicle technology
b. IVF - Price of Inputs
- Expectation of future prices
- Number of sellers in the market
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