Page 3 - E-NOTE
P. 3

SUPPLY

                   •  PRICE OF GOOD ITSELF

                   •  NUMBER OF SELLERS

                   •  TECHNOLOGY
                   •  TAXES AND SUBSIDIES




               CURVE

               DEMAND CURVE


                    P
                                                SLOPE DOWNWARDS –
                                                (-VE RELATIONSHIP)






                                                                      D




                                                                                           Q



               SUPPLY CURVE


                     P                                          SLOPE UPWARDS –

                                                                (+VE RELATIONSHIP)











                                                                                        Q
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