Page 5 - E-NOTE 120-converted
P. 5

Q


               SUPPLY CURVE



                     P                                          SLOPE UPWARDS –

                                                                (+VE RELATIONSHIP)











                                                                                        Q


               CHANGES IN……

               DEMAND

               P









                                    D2              D0          D1





                          Q2            Q0            Q1           Q
   1   2   3   4   5   6   7   8   9   10