(1) Intro to Supply & What Matters
Supply, Supply Function, Supply Drivers
This introduces the concept of a Supply Function and summarizes the core drivers of supply.
Crane, Steven E., "(1) Intro to Supply & What Matters" (2011). Principles of Microeconomics. 8.
Ability to distinguish notional vs. effective supply. Ability to identify three key issues examined by supply analysis. Ability to identify the primary driving influences or factors that affect the supply of goods and services.