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My short report is about: - Supply - Supply curve - Business cycle.

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Presentation on theme: "My short report is about: - Supply - Supply curve - Business cycle."— Presentation transcript:

1 My short report is about: - Supply - Supply curve - Business cycle

2 Supply and Supply curve

3 Supply technology expectations input price price law of supply individual supply supply schedule supply curve market supply change of price others factors movement shift of along curve supply curve

4 Price of pizzaQuantity of pizza 0.000 0.500 1.001 1.502 2.003 2.504 3.005

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8  4 phases: : expansion, peak, contraction, recession and trough  GDP is its indicator  GDP can change for many economico or non reason  The business cycle is a useful theory and helps people to understand what is occurring in economy

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