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Supply And Elasticity Of Supply ,[object Object]
DEFINATION SUPPLY REFERS TO THE QUANTITY OF A COMMODITY A SELLER IS PREPARED TO SELL AT A GIVEN PRICE AND DURING SOME PARTICULAR TIME.
FACTORS AFFECTING SUPPLY ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],According to law of supply “other things being equal,the supply of a commodity increases with increases in its price and decreases with a fall in price.
WHAT IS ELASTICITY OF SUPPLY-
DEFINATION- ELASTICITY OF SUPPLY CAN BE DEFINED AS A MEASURE OF DEGREE OF RESPONSIVENESS OF SUPPLY TO CHANGE IN PRICE
IN MATHEMATICAL TERMS IT  CAN BE MESURED BY- E S =PERCENTAGE OF CHANGE IN QUANTITY SUPPLIED  / PERCENTAGE CHANGE IN PRICE
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Supply and elasticity of supply