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Supply is the amount of a product that a producer is willing and able to offer for sale at a particular price and at a particular time.
It is in this lucid manner that this book will teach you supply.
It clearly explains the supply schedule and the supply curve.
It states the law of supply. It examines the factors that give rise to the abnormal supply curves.
It analyzes the supply function. It shows through algebra the relationship between the quantity supplied and the factors that affect supply.
It appraises the factors that affect the supply of goods and services in an economy.
It evaluates the change in the quantity supplied. It distinguishes ‘a change in the quantity supplied’ from ‘a change in supply’.
It examines the types of supply. They include complimentary supply, competitive supply and composite supply.
And it explores the price elasticity of supply. It throws light on the types of price elasticity of supply. It discusses the factors that affect the price elasticity of supply.