Raise or reduce in supply

Shifts in supply or raise or reduce in supply:

Augment or reduction in supply causes shifts in the supply curve. A shift in the supply curve is due to the modification in other factors that is, other than the price of the commodity. It is illustrated in the figure shown below:

1737_raise or reduce in supply.jpg

At price OP, SS is the supply curve previous to the modification in other factors. S1S1 exhibits a raise in supply since at similar price OP or TE more is provided for sale that is, OT1. S2 S2 exhibits reduce in supply since at similar price OP or TE, less is provided for sale that is, OT2.


Latest technology based Economics Online Tutoring Assistance

Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Theory of Supply help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Theory of Supply, project ideas and tutorials. We provide email based Theory of Supply help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Theory of Supply. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Theory of Supply. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.

2015 ┬ęTutorsGlobe All rights reserved. TutorsGlobe Rated 4.8/5 based on 34139 reviews.