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Lecture

[ECON 101] - Market Supply: Supply

2 Pages
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Department
Economics
Course Code
ECON 101
Professor
Emanuel Carvalho

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Description
Sept 21 2011 Market Supply Supply Market Supply SupplySupply the quantity of a commodity that firmsproducers would sell at each price definesthe supply of the commoditiesNotes1 It is not the quantity that the firm actually sell rather it is what they are willing to sell at each price 2 Supply like demand is a flow conceptexpressed by so many units per period of time Scf Pc Cf Efp Poc Fn TAssume constantCost of Factory Productio
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