Price is considered one of the main factors in supply but it is not the only factor that affects the quantity supplied , here is a list of those factors.

Determinants of demand

• Time - Delay in production , if you have a delay in your production the buyers could cancel our orders , due to late shipping and slow production , backlogs can increase when the 4 factors of production are very slow which can make buyers to not buy

• Weather - Weather can delay supply , some goods and service are depended on weather like food from agriculture , weather sometimes could also destroy the quantity goods being shipped or may delay shipping

• Opportunity cost - if the price of one good falls the seller will produce more profiting goods , for example if the price of banana falls and the price of apple is increasing the seller will increase the quantity production of apples more than bananas

• Taxes - The taxes put on the supplier of the product will add to the cost of the good/service . this can reduce supply due to extra expense

• Innovations - New kind of innovations can increase demand even if thee price is high or not balanced

These were some of the determinants of supply which say that price is not only the main factor in supply , supply could also be depended on other factors

Price and supply

• The law of supply says that there is a positive relation between price and quantity supply of the product

  
  

1. The Diagram

Movement along a supply curve

Lets list down some movement in the supply like lets see what if we change the quantity supply or what if we change the price. Lets list them down.

• A movement on the curve only occurs when there is a change in the price of the product

• The change in price can also affect the quantity supplied

• if there is an extension in supply then the price increases

• If theres is a contraction in supply then the price reduces