Lesson 8 of 13 • 1557 upvotes • 9:29mins
This lesson begins with the explanation of the various variables that affect the supply curve such as the input price i.e. the price of the raw materials. He continues by explaining the relation between the profitability of the business & the price of raw material. The second variable he talks about is technology i.e used for turning inputs into the final product. The other factors that are highlighted are expectation & the number of sellers.
13 lessons • 2h 9m
Definition Of Economics (for UPSC CSE)
9:22mins
Economics As A Discipline (for UPSC CSE)
9:18mins
Understanding Of Economic Policy Of Government (for UPSC CSE)
9:32mins
An Insight Into Demand As A Market Force (for UPSC CSE)
9:39mins
Understanding The Concept Of Demand (for UPSC CSE)
10:30mins
Understanding The Concept Of Demand Part 2 (for UPSC CSE)
10:31mins
Understanding The Concept Of Supply (for UPSC CSE)
9:53mins
Variables Affecting The Supply Curve (for UPSC CSE)
9:29mins
Exceptions To The Law Of Supply (for UPSC CSE)
10:30mins
Understand The Concept Of The Point Of Equilibrium (for UPSC CSE)
9:49mins
Understanding The Concept Of Elasticity Of Demand (for UPSC CSE)
10:11mins
Elasticity Of Supply
10:14mins
Types Of Markets (for UPSC CSE)
10:31mins