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SUPPLY CURⅤE Demand curve describes the behaviour of customers a Supply curve presents behaviour about the supplier/manufacturer of the products the quantity supplied and the price of a product that can be captured as follows a gs=g(p) qs stands for the quantity supplied p stands for the price go is notational convenience for saying 'depends uponSUPPLY CURVE ◼ Demand curve describes the behaviour of customers ◼ Supply curve presents behaviour about the supplier/manufacturer of the products ◼ the quantity supplied and the price of a product that can be captured as follows : ❑ qs = g(p) ◼ qs stands for the quantity supplied ◼ p stands for the price ◼ g( ) is notational convenience for saying 'depends upon
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