２ Microeconomics ２

SUPPLY

Law of Supply：Directly related.　Price goes up, supply goes up. Price goes down, supply goes down.

■Supplyに影響を及ぼすもの■

1.　 Production Costs（人件費、税金、部品、原料）

2.　 Technological improvements

3.　 Prices of Other Goods　

a. X and Y are made with similar materials, but the price of Y has gone up, causing producers to produce more of product Y and less of good X

b. If the price of materials has not changed, the supplier will make a higher profit margin on Y

4.　 Price Expectation

Supply Curves　Supply Curves for upward

If the supply increase, shift to the right. If the supply decrease, shift to the left.

Supply CurveとDemand Curveが交差しているところEが、Equilibrium (market price)。

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