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Supply - Coggle Diagram
Supply
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Assumptions
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When firms see a price rise, they believe that this is because there is more demanded
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Market supply
The quantity of a good or service that all firms operating in market plan to sell at given prices in a given period of time
Individual firms will have different capacities and preferences for how much they are able to supply at given prices
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Conditions of supply
Although price may change and so supply will change, these changes will show up as movements from one point to another on a stationary / fixed supply curve