Lecture

Basics 2: Supply

Description

This lecture covers the basics of supply in environmental economics, including suppliers' bids, determinants of bids, the RFP process, supply curve and function, elasticity of supply, and shifting supply. It explains how demanders and suppliers determine their willingness to buy or sell an item, the factors influencing suppliers' bids, and the concept of elasticity of supply.

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Official source

https://mediaspace.epfl.ch/media/0_4kdwmfe0

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Ontological neighbourhood

Economics

Microeconomics: Supply and demand

Macroeconomics: Competition

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