Please enable JavaScript.
Coggle requires JavaScript to display documents.
2.3 Supply - Coggle Diagram
2.3 Supply
What is supply?
Supply
Supply is the quantity of a good or service that producers are willing and able to supply at a given price in a given time period.
Individual supply
Individual supply is the supply of goods and services by an individual producer. This shows the amount they would be prepared to sell at difference prices. It does not
tell us how many they will sell.
Market supply
Market supply is the total supply of a good or service. It can be found by adding the individual producers supply together.
-
-
-
-
How do you draw supply?
The supply curve is plotted sloping
upwards between Price on the vertical axis and Quantity on the horizontal axis. 
-