Supply Concepts for Grade 10 Economics

Front

Law of Supply

Back

Price ↑, Quantity Supplied ↑

Front

Supply Curve

Back

Upward sloping

Front

Market Supply

Back

Sum of individual supplies

Front

Determinants of Supply

Back

Factors affecting supply

Front

Shift in Supply Curve

Back

Change in non-price factors

Front

Movement Along Supply Curve

Back

Change in price

Front

Technology Impact

Back

Improves supply efficiency

Front

Input Prices

Back

Cost of production

Front

Government Policies

Back

Taxes, subsidies

Front

Future Expectations

Back

Anticipated price changes