Inlife Supply Curve Analysis

Law of Supply :

Willingness and ability of the producer to offer the good in the market for sale at various prices

Supply Function :

                                S:Qx=F(P,Prg,Pj,R,Ap,Ep,S)

Factors Influence Supply:

1. cost of production
2. profitability of alternative produt
3. profitability of goods in joint supply
4. nature and other random shocks
5. aim of producer
6. expectations of producer
7. seasonality
8. information asymmetry

Supply Curve: 
There is a Direct relation between price and supply

In this figure we can see as price increases supply also increases,by this we conclude there is direct relation

Example:

we can see that if tomatoes prices is rs 25 per kg then supply of tomatoes is 1000 tonnes if prices decreases to rs 20 per kg then supply also decreases to 800tonnes