While you are numbers supplied depends upon speed (while the demand supply), supply is determined by loads of circumstances

While you are numbers supplied depends upon speed (while the demand supply), supply is determined by loads of circumstances

Figure dos.4 shows an example of a change in supply. If there is a drought in Thailand, then at any given price, such as P*, quantity supplied of rice will decrease (Q1 to Q2). Since the price did not change, this decrease in quantity supplied must be due to a decrease in supply itself, represented by the leftward shift of the supply curve from SS1 to SS2.

A change in have comes from a change in a non-rate foundation from also provide, that is represented by a change of also have contour (Figure 2.4).

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