supply function

a form of notation that links the DEPENDENT VARIABLE, quantity supplied (Q_s ), with various INDEPENDENT VARIABLES that determine quantity supplied such as product PRICE (P), prices of factor inputs (Pl and P₂ ), the state of technology (T), and business goals (G). The equation states that:

Changes in any of these independent variables will affect quantity supplied, and if we wish to investigate the particular effect of any one of these variables upon quantity supplied then we could (conceptually) hold the influence of the other independent variables constant (CETERIS PARIBUS), whilst we focus upon the particular effect of that independent variable. See also SUPPLY CURVE, SUPPLY CURVE (SHIFT IN).

单词	supply function
释义	supply function supply function a form of notation that links the DEPENDENT VARIABLE, quantity supplied (Q_s ), with various INDEPENDENT VARIABLES that determine quantity supplied such as product PRICE (P), prices of factor inputs (Pl and P₂ ), the state of technology (T), and business goals (G). The equation states that: Changes in any of these independent variables will affect quantity supplied, and if we wish to investigate the particular effect of any one of these variables upon quantity supplied then we could (conceptually) hold the influence of the other independent variables constant (CETERIS PARIBUS), whilst we focus upon the particular effect of that independent variable. See also SUPPLY CURVE, SUPPLY CURVE (SHIFT IN).
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