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Showing posts with the label Introduction to Supply

Introduction to Supply

  Learning Contents:                                                              ·          Understanding Supply and Law of supply ·          Supply Vs. Quantity Supplied ·          Relationship between Supply and Stock   Understanding Supply and Law of Supply Just as a consumer who consumes the various goods and services, so a producer produces and makes them available in the market.   A producer would produce and willing to supply more of those goods and services which can be sold at higher prices or maximizes his profits and vice versa.   Suppl...