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about the relation between supply and demand how demand works

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15 views11 pages

Final PPT Presentation 2

about the relation between supply and demand how demand works

Uploaded by

aravindduggani1
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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UNDERSTANDING THE

CONCEPT OF SUPPLY &


LAWS OF SUPPLY

PUTTA RAVI KRISHNA


AEDLA SAI NILOHITH
DUGGANI ARAVIND
EXPLORING THE DYNAMICS B.COM (COMPUTER
OF SUPPLY IN ECONOMICS APPLICATIONS)
Table of contents

1.Introduction of economics & supply


2. Factors influencing supply
3. Laws of supply
4. Practical examples & graphs
5.Assumptions
6. How are Demand & Supply are
effecting each other
7.Conclusion
INTRODUCTION
Economics is the study of how people
allocate their resources to consume the
goods and services they have on have
an objective of fulfilling their needs and
unlimited wants

Supply
Supply is a fundamental economic concept that describes the total amount
of a specific good or service that is available to consumers.
Factors influencing
Supply
Competitors
Supply chain
Production cost
Production
capacity
Technological
Laws of
Supply
If supply increase demand stays
the same, price will fall
If supply remains constant &
demand decreases, prices will fall
If supply decreases & demand
stays the same, prices will rise
If supply remains constant &
demand increases, prices will rise
SUPPLY OF NIC ICE CREAMS FLAVOURS
IN DIFFERENT SEASONS
FLAVOURS JAN-MAR APRL-JUN JUL-SEP

SITAPHAL 60% 40% 20%

MANGO 30% 80% 40%

GUAVA 50% 50% 50%

TENDER COCONUT 40% 70% 30%

BLACK GRAPES 50% 60% 40%

LYCHEE 60% 50% 70%


ASSUMPTIONS
There is no change in the price of
the factors of production
There is no change in the technique
of production
There is no change in goal of firm
There is no change in the price of
related goods
Demand effecting supply
When demand rises, businesses respond by
increasing production, which can lead to
an increase in supply
When demand falls businesses may
reduce production leading to an increase
Supply effecting demand demand
in

When supply rises, businesses may


lower prices to encourage consumption,
which can lead to an increase in
demand
When supply falls, businesses may raise
prices leading to an decrease in
demand
Conclusion:
Supply in a market can be represented as
an upward sloping curve on a graph that
shows how the quantity supplied will
react to various prices over sometime.
Because the businesses look forward to
increasing their revenue they
expect when receive
higher arate, will
produce
to
more

Reference:- Wikipedia, Artificial Intelligence, 11th standard economics


textbook, UG 5th semester Business economics textbook
ThanK you for gIvIng
us the opportunIty to
share our KnowleDge

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