# data[].attributes.headline
Relationship between prices of related goods the firm could produce and supply

# data[].attributes.subject
Relationship between prices of related goods the firm could produce and supply

# data[].attributes.body
Not to be confused with substitute products or complementary products
2 goods are substitutes in production if both of them are produced using the same resources
If Good A and B are both produced using Resource C, an increase in the price of Good A will increase the supply of Good A and decrease the supply of Good B. This is because more resources will be directed to produce Good A and less for Good B. (We have limited resources)
2 goods are complement in production if both are produced at the same time
If Good D and E are complement in production, an increase in the price of Good D will increase the supply of both Good D and Good E. Remember that this is because both Good D and Good E are produced together at the same time.

# data[].attributes.headline
Relationship between expectations of producers and supply

# data[].attributes.subject
Relationship between expectations of producers and supply

# data[].attributes.body
Whether or not the producer expect an increase or decrease in the future price of a product will affect their willingness to supply the product.

# data[].attributes.headline
Relationship between taxes and subsidies and supply

# data[].attributes.subject
Relationship between taxes and subsidies and supply

# data[].attributes.body
An increase in tax will increase the cost of production, hence decreasing the supply which shifts the supply curve leftwards and vice versa.
On the other hand, if the government increases subsidies, it will reduce the cost of production and will in turn increase the supply, shifting the supply curve rightwards and vice versa

# data[].attributes.headline
Relationship between resource prices and supply

# data[].attributes.subject
Relationship between resource prices and supply

# data[].attributes.body
The higher the resource price, the higher the cost of production. And with a higher cost of production, the supply will drop and vice versa. In short, an increase in resource price will decrease supply, shifting the supply curve leftwards and vice versa

# data[].attributes.headline
Relationship between technology and supply

# data[].attributes.subject
Relationship between technology and supply

# data[].attributes.body
New technologies will make it easier and more efficient to produce a fixed amount of goods, hence reducing cost of production.
If the cost of production reduces, the supply will increase and vice versa. The supply curve will shift rightwards when production costs drop and vice versa.

# data[].attributes.headline
Relationship between number of sellers and supply

# data[].attributes.subject
Relationship between number of sellers and supply

# data[].attributes.body
Direct.
The more the number of sellers, the higher the supply and vice versa.
An increase in number of sellers will shift the supply curve rightwards and vice versa

# data[].attributes.headline
Changes in Supply (Not to be confused with Quantity Supplied)

# data[].attributes.subject
Changes in Supply (Not to be confused with Quantity Supplied)

# data[].attributes.body
Supply is affected by other factors apart from price
The supply could be affected by the number of sellers, technology, resource price, taxes and subsidies, expectations of producers and the price of other goods the firm could produce
A change in supply will shift the supply curve

# data[].attributes.headline
Changes in Quantity Supplied (Not to be confused with Supply)

# data[].attributes.subject
Changes in Quantity Supplied (Not to be confused with Supply)

# data[].attributes.body
Quantity supplied is affected by the price of the goods. The higher the price, the higher the quantity supplied. A change in quantity supplied cause a movement along the same supply curve

# data[].attributes.headline
Why higher price result in higher quantity supplied

# data[].attributes.subject
Why higher price result in higher quantity supplied

# data[].attributes.body
With a higher selling price, you will earn more money from selling the goods. Hence, you are motivated to sell more goods
Also, if you are asked to sell more goods, you will have to produce more of it. To produce more of it, you will need to use more inputs, which increases your expense. If all your efficient inputs are used, you have to use less efficient inputs and would be more costly to produce it. Sellers are thus, willing to produce/sell more goods if they are paid more to compensate for the production cost.

# data[].attributes.body
Ceteris Paribus (Other things remaining the same), the higher the selling price of a good, the higher the quantity supplied and vice versa
A direct relationship between the quantity supplied and the price of the good (Price here refers to selling price)

# data[].attributes.body
The amount of goods/service that sellers plan to sell during a given time at a particular price

# data[].attributes.body
it has the resources and technology to produce it

it can profit from producing it

it plans to produce it and sell it