Welcome to another episode of my podcast. Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Supply relate to amount available at a specific price or amount available across a range of prices. The factors of supply for a given product or service is related to price factor as well as Non Price factors such as price if inputs, technology, expectations and number of sellers.

Welcome to another episode of my podcast. This episode discusses the fundamental difference between demand and quantity demanded. Demand simply denotes the willingness and the person’s ability to purchase. Quantity demanded represents the amount goods and services desired by consumer at a fixed price.

Welcome to another episode of my podcast. If you were to plot out how many units you would buy at different prices, then you’ve created a demand curve. It graphically portrays the data in the demand schedule.

Welcome to another episode of my podcast. In this episode I will discuss how technological change makes it possible to shift the production possibilities frontier outwards by producing more from the same available resources.

Welcome to another episode of my podcast. This episode discusses that price is not the only determining factor. The Law of Demand is only true if all other determinants don’t change (ceteris paribus), such as change in number of buyers.

Welcome to another episode of my podcast. This episode discusses that price is not the only determining factor. The Law of Demand is only true if all other determinants don’t change (ceteris paribus), such as consumer’s expectations.

Welcome to another episode of my podcast. This episode discusses that price is not the only determining factor. The Law of Demand is only true if all other determinants don’t change (ceteris paribus), such as consumer’s taste and preference.