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A contraction of supply is a movement of the supply curve to the left.
no
The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.
in business
supply function can be defined as the quantity of a good.
A contraction of supply is a movement of the supply curve to the left.
no
no difference...
The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.
in business
supply function can be defined as the quantity of a good.
demand in supply is the basis of it's increase and decrease
we have textbooks
One says individual and the other says market!
decrease and the supply will increase.
If the demand for a commodity increases, but the supply does not increase equally, the price will increase. If the supply of a commodity increases, but the demand for that commodity does not increase equally, the price will decrease. If the demand for a commodity decreases, but the supply does not decrease equally, the price will decrease. If the supply of a commodity decreases, but the demand does not decrease equally, the price will increase.
ty