Slow week. We learned about supply curves and factors that can move the curve. Those factors are input costs, labor productivity, technology, government actions, producer expectations, and number of producers. Another thing we learned is supply. Supply is when people are willing and have the ability of producers to offer goods and services for sale. The law of supply are when producers can sell more goods or service at a higher price than at a lower price. Price and supply have a direct relationship.
This is very informative and your facts are straight to the point good blog.
ReplyDeleteThis week was fun, I really enjoyed doing the graphs and charts, they really help us understand the lesson better.
ReplyDeleteThat info you provided is really stargith forward. Way to keep it simple and unique
ReplyDeleteI agree, it was a slow week and I like how you went straight to the point with supply. Good job!
ReplyDelete