Economics: Supply

It can relate to the amount available at a specific price or the amount available across a range of prices if displayed on a graph. Whay is it?

  This is the total supply of goods and services produced within an economy at a given overall price level in a given time period.

This include every company that comes into contact with a particular product. For example, the __________ for most products will encompass all the companies manufacturing parts for the product, assembling it, delivering it and selling it.

The deliverable commodities in licensed warehouses and approved delivery facilities.  The ________________ of commodities generally includes afloat and insight commodities within production areas. This supply is important as it identifies a definite quantity of commodities available for purchase or delivery upon futures contracts.

   A sudden surprise event that increases or decreases output temporarily.                 When output is increased (decreased), the price of the good decreases (increases) due to a shift in the supply curve to the right (left). The above diagram demonstrates an increase in price due to a decrease in the supply of a good relative to demand. Examples of ______________ include unusually bad (good) weather which reduces (increases) the supply of a commodity such as wheat.