IGCSE/GCSE/O & A Level/IB/University Student Forum
Qualification => Subject Doubts => GCE AS & A2 Level => Commerce => Topic started by: Rozalin on December 31, 2009, 12:28:47 pm
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What should firms supply?
The relationship between price and supply
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This should be really helpful:
http://en.wikipedia.org/wiki/Supply_and_demand
http://www.basiceconomics.info/supply-and-demand.php
http://www.computer.org/portal/web/csdl/doi/10.1109/ICICIC.2008.568
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Mani, for the Love of Allah, give a direct answer. If you don't have the time to do so, then dont answer. Do not answer if you are not a student of this subject.
Answer to the Q:
You will wan to sell a product when the selling price for it will be high right?
The thing is that Businesses will always want to make a profit, so selling a product at a high price is more profitable.
So when the price will increase the supply will increase and vice versa.
I believe this will answer your question.
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Rozalin, do check the sites Mani gave... Esp. the part on "Elasticity" in wikipedia... They are very resourceful...
If still, you do not understand, let us know...;)
Mani, thank you... Though you do not study Business, you did make provision in case all the members here were busy.... That's a sign of maturity... :)
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Rozalin, do check the sites Mani gave... Esp. the part on "Elasticity" in wikipedia... They are very resourceful...
If still, you do not understand, let us know...;)
Mani, thank you... Though you do not study Business, you did make provision in case all the members here were busy.... That's a sign of maturity... :)
Yeah thanks, that was the point of my post.
I am just tryna help the way I can. That's my job.
Thanks Alpha :) - at least you understand.
[[EDIT]]: @Rozalin - Thanks for the +rep. Hope you cleared your doubt. :D (nvm, that was for your Bio Questions - just remembered).
Mani, for the Love of Allah, give a direct answer. If you don't have the time to do so, then dont answer. Do not answer if you are not a student of this subject.
I take out precious time to actually google efficiently and find whatever I think is most relevant. I feel it is my duty. That is why I do not say "THIS IS THE ANSWER". I just say check this out, maybe this will clear your doubt.
However, I guess you are right. I do not expertise in Business or whatever.
Anyway. . .
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Not everyone has so much time that they will read entire articles on a wiki!
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Mani, it's alright, I would have done the same for anyone on the 'defence' side... :)
By the way, can you just check your 2 profiles on Ning? If you get time to do me this favour...
Dude 321, but fortunately some people have time to search for things they have no idea about on wikipedia to help others... :)
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Thank you guyzzz so muchhh!!
and mani thanks fer da websiteeeeeeeesssss!! I found 'em really helpfullll :D
God bless you all!
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Thank you guyzzz so muchhh!!
and mani thanks fer da websiteeeeeeeesssss!! I found 'em really helpfullll :D
God bless you all!
You're welcome man. :)
Alpha - I have only one profile on Ning. .
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Mani, you have 2... Okay, I'll comment on both, you should be getting two notifications, if you used the same mail add.
By the way, Happy Birthday! :) :) :)
Dude321, honestly, do not mind my words. Peace. :)
Rozalin, welcome... though I did not really help a lot. :D