Theory of Supply Flashcards
1
Q
Explain the Supply Curve
A
2
Q
Describe the DETERMINANTS OF SUPPLY which shift the supply of a product.
A
3
Q
Describe, using an example, what is meant by JOINT SUPPLY.
A
4
Q
Joint Supply v Competitive Supply
A
5
Q
Explain, using a diagram, how excess supply can be resolved by a change in price.
A
