Class 11 Micro Economics: Supply
Chapter 9: Supply — understand how a firm willingness to sell responds to price through the law of supply, the supply curve and elasticity of supply. CBSE Class 11 Microeconomics notes covering 5 topics: Meaning of Supply, Determinants Function Schedule and Curve, Law of Supply, Movement along and Shift in Supply Curve, and Price Elasticity of Supply.
Topics(5)
Meaning of Supply
Meaning of Supply — understanding what supply is, its four essential elements, and how supply differs from stock. CBSE Class 11 Microeconomics notes with the sugar example.
Determinants, Supply Function, Schedule and Curve
Determinants, Supply Function, Schedule and Curve — understanding the factors that determine supply and how the supply schedule and curve are built. CBSE Class 11 Microeconomics notes with schedules and graphs.
Law of Supply
Law of Supply — understanding the direct price-quantity relationship, its assumptions, reasons and exceptions. CBSE Class 11 Microeconomics notes with schedule and graph.
Movement along and Shift in Supply Curve
Movement along and Shift in Supply Curve — understanding expansion, contraction, and rightward and leftward shifts of the supply curve. CBSE Class 11 Microeconomics notes with graphs and comparisons.
Price Elasticity of Supply
Price Elasticity of Supply — understanding Es measurement, the five kinds of elasticity, and supply across time periods. CBSE Class 11 Microeconomics notes with formulas and solved examples.