“CUET Economics Notes by Artham Resources: Chapter 5 – Supply. Explores the concept of supply in economics, including factors influencing supply, supply curves, and market equilibrium.”
Content of Chapter 5 – Supply:
- Introduction to Supply
- Factors Influencing Supply: Price of Inputs, Technology, Taxes, Subsidies, and Expectations
- Law of Supply: Relationship between Price and Quantity Supplied
- Supply Curve: Slope, Elasticity, and Determinants of Elasticity
- Market Equilibrium: Intersection of Supply and Demand Curves
- Shifts in Supply: Causes and Effects on Market Equilibrium
- Applications of Supply Analysis in Business and Policy-making
Simran Kaur –
The notes are perfectly structured and cover all essential topics. Students find them very useful for understanding complex economic concepts.