Welcome to CW Economics!

The study of economics is challenging and rewarding. Use this site to check up on topics covered, homework assigned, and assignments given.

Upcoming Assignments and Tests

  • Grade 12 Book Club Monday, January 16. Journals due Tuesday, January 17
  • Grade 12 essays due Tuesday, January 24 at 10:24am (2 COPIES)
  • Grade 11 Final Summative Game due Tuesday, January 24 at beginning of class.
  • Monetary Policy - Interest Rates due Tuesday, January 10
  • Banking Assignment due Friday, December 23

Monday, October 17, 2016

What is Supply?

The supply of goods or services in a market is the amount that producers are willing to put on the market for sale. It is not necessarily the total stock of goods, as sometimes producers hold back for various reasons (eg. to influence the price, or in anticipation of higher future prices).

The supply curve is upward sloping, as there is a direct relationship between the price and the amount supplied. Ceteris paribus, if price goes up, supply goes up.