S
4000
Supply Curve
3000
2000
1000
S
1
4
3
2
5
6
7
(in millions)
Quantity Supplied
8
Supply Curve
6000
S
S2
S1
5000
Price ($)
Price ($)
5000
Supply Curve
Shifts inwards
4000
3000
2000
Supply Curve
Shifts outwards
S2
S
1000
S1
1
2
3
4
5
6
Quantity Supplied
7
8
(in millions)
Shift in Supply Curve
6000
S
5000
Price ($)
S U P P LY
6000
4000
Rise in prices results in the
EXTENSION of Supply
3000
Fall in prices results in the
CONTRACTION of Supply
2000
1000
S
1
2
3
4
5
Quantity Supplied
6
7
(in millions)
8
Extension & Contraction of Supply
Downloaded from www.dineshbakshi.com.
IGCSE, GCSE, A Level Business Studies, Economics and Accounting revision.
Interactive quizzes, study notes, worksheets, mindmaps, flash games,
business news, web games, discussion forum and lot of goodies for teachers and students.