Unit 2.2: Supply theory

IB Economics: Unit 2.2: Supply theory

In this chapter, we examine the way supply affects the allocation of resources in the economy. Supply is the resource element of the central economic problem of scarcity and the allocation of the factors of production is based on the supply decisions made by businesses. The central theme of this section is to analyse the price and non-price factors that affect supply decisions made by the different producers on the supply...

To access the entire contents of this site, you need to log in or subscribe to it.

You can also request a Free trial or check the blog (which is also free)

All materials on this website are for the exclusive use of teachers and students at subscribing schools for the period of their subscription. Any unauthorised copying or posting of materials on other websites is an infringement of our copyright and could result in your account being blocked and legal action being taken against you.