MANAGERIAL ECONOMICSPRESENTATION

IN GUIDANCE OF

Prof. ATHAR ALI

PRESENTATION BYAnand TripathiSushil Kr. BhartiPoonam PalChinmay Pandey

WHAT DO YOU MEAN BY SUPPLY?

Supply is the amount of some product

producers are willing and able to sell at

a given price all other factors being held constant.

SHIFT IN THE SUPPLY CURVE

• A change in any variable other than price that influences quantity supplied produces a shift in the supply curve or a change in supply.•Factors that shift the supply curve include :

- Prices Of Other Goods.

- No. Of Sellers

- Change In Input Cost.

- Increase In Technology.

- Expectations.

SHIFT IN THE SUPPLY CURVE & MOVEMENTALONG THE SUPPLY CURVE

For an given rental price, quantity supplied is now lower than before.

SUPPLY & DEMAND OF THE WORLD TEA MARKET

Price(Per Kg) Quantity Supplied Quantity Demanded

$ .38 1500 525

$ .37 1000 600

$ .36 700 700

$ .35 600 900

$ .34 550 1200

WHAT IS MARKET MECHANISM?Market mechanism is a term from Economics referring to the use of Money exchanged by buyers and sellers with an open and understood system of value and time trade offs to produce the best distribution of goods and services.

SUPPLY & DEMAND OF THE WORLD TEA MARKET

Price(Per Kg)

Quantity Supplied

Quantity Demanded

Surplus/Shortage

$ .38 1500 525 Shortage

$ .37 1000 600 Shortage

$ .36 700 700 Stable$ .35 600 900 Surplus$ .34 550 1200 Surplus