- The supply curve is a relationship between each possible price of the good and the quantity that would be supplied for market sale at that price.
Factors that can affect Supply
- Available resources
- Price
- Competition
- Demand
- Economic factors
- Inflation
What is Effective Demand?
What is Margin of safety? and How is it Calculated?
- The amount by which a firm's current level of output exceeds the level of output necessary to break even.
- Margin of safety can be calculated by number of sales - BEP