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MICROECONOMICS: TOPIC -87

Effect of change in Input price on the supply curve of the firm

Learning Contents:

· Impact of rise in input price on supply of the firm.

· Impact of fall in input price on supply of the firm.

The role of inputs or factors of production is very crucial for the production of the goods or services. Inputs such as raw material, machinery, land, and, labor are most commonly used inputs in the production process. Therefore, production is mainly dependent on the inputs. A change in input price will not only impact the production cost but affects the supply as well.

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Effect of change in Input price on the supply curve of the firm. Effect of change in Input price on the supply curve of the firm.

MICROECONOMICS: TOPIC -86

Effect of change in Technology on the supply curve of the firm.

Learning Contents:
• Impact of adopting a new or advanced technology on the supply of the firm.
• Impact of continuing with an old or outdated technology on the supply of the firm.

Introduction

Technological improvements transform the way goods are usually produced and consumed. With technological improvements, firms can create new, innovated or improved goods and services which not only increase firm’s production or supply but profits too.

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Effect of change in Technology on the supply curve of the firm. Effect of change in Technology on the supply curve of the firm.

MICROECONOMICS: TOPIC -85

Difference between Contraction of Supply and Decrease in Supply.

Learning Contents:
· Difference between Contraction of Supply and Decrease in Supply.

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MICROECONOMICS: TOPIC -84

Difference between Extension of Supply and Increase in Supply.

Learning Contents:
· Difference between Extension of Supply and Increase in Supply.

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Difference between Extension of Supply and Increase in Supply. Difference between Extension of Supply and Increase in Supply.

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MICROECONOMICS: TOPIC -83

Change in supply/ Shifts in supply curve.

Learning Contents:

· Increase in supply
· Decrease in supply

Introduction
As studied in previous post related to the determinants of supply that states, it is not only the price which cause change the supply for the commodity but in the real world there also exist other factors such as price of related goods, objective of the firm, government policies, technology changes, etc. that affect the supply for the commodity.

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https://dishasucess4u.blogspot.com/2021/09/change-in-supply-shifts-in-supply-curve.html
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Change in supply/ Shifts in supply curve. Economics CBSE paper economics sample paper MCQ

MICROECONOMICS: TOPIC -82
What cause movements along the supply curve?

Learning Contents:
· Extension of supply
· Contraction of supply

Introduction
As the Law of supply states, other things remaining constant, when the price of a commodity rises, sellers are willing to sell more of it; if price of a commodity falls, they sell less of it. Therefore, price may either go up or down and this causes the seller to sell either more or less of a commodity respectively.

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What cause movements along the supply curve? What cause movements along the supply curve?