Exception to law of supply in economics with examples / Exception of law of supply
This video is all about exception of law of supply. Each exceptions are explained with different corporate examples. Video started with the meaning of law of supply. Eight exceptions are included in my video. Change in business. It may happen that the seller may plan to enter into an entirely new business by exiting the current one. Perishable Goods. In cases of perishable goods, the supplier would offer to sell more quantities at lower prices. Legislation Restricting Quantity. Suppliers cannot offer to sell more quantities at higher prices where the government has put some regulations. Artistic and Auction Goods. The supply of such goods cannot be increased or decreased easily according to its demand. Out of fashion goods. There are some goods that go out of fashion and are no longer in vogue. Such goods are sold by the sellers at low prices. Economic Slowdown. During the low economic phases, the sellers may not have an advantage of incremental prices. Expectation of change in prices. Law of supply is not applicable under the circumstances when there is an expectation of change in the prices of a product in the near future. Supply of labour. After a certain point, the rise in wages does not increase the supply of labour. So these are the total exceptions to law of supply included in my video. Thanks for watching my video. Time stamp 00:00 Welcome to my channel Management by Dr. Mitul Dhimar 00:13 Meaning of law of supply 01:02 Exceptions to law of supply 01:09 Change in business 01:46 Perishable Goods 02:10 Legislation Restricting Quantity 02:35 Artistic and Auction Goods 03:13 Out of fashion goods 04:02 Economic Slowdown 04:54 Expectation of change in prices 05:44 Supply of labour #managementbydrmituldhimar
This video is all about exception of law of supply. Each exceptions are explained with different corporate examples. Video started with the meaning of law of supply. Eight exceptions are included in my video. Change in business. It may happen that the seller may plan to enter into an entirely new business by exiting the current one. Perishable Goods. In cases of perishable goods, the supplier would offer to sell more quantities at lower prices. Legislation Restricting Quantity. Suppliers cannot offer to sell more quantities at higher prices where the government has put some regulations. Artistic and Auction Goods. The supply of such goods cannot be increased or decreased easily according to its demand. Out of fashion goods. There are some goods that go out of fashion and are no longer in vogue. Such goods are sold by the sellers at low prices. Economic Slowdown. During the low economic phases, the sellers may not have an advantage of incremental prices. Expectation of change in prices. Law of supply is not applicable under the circumstances when there is an expectation of change in the prices of a product in the near future. Supply of labour. After a certain point, the rise in wages does not increase the supply of labour. So these are the total exceptions to law of supply included in my video. Thanks for watching my video. Time stamp 00:00 Welcome to my channel Management by Dr. Mitul Dhimar 00:13 Meaning of law of supply 01:02 Exceptions to law of supply 01:09 Change in business 01:46 Perishable Goods 02:10 Legislation Restricting Quantity 02:35 Artistic and Auction Goods 03:13 Out of fashion goods 04:02 Economic Slowdown 04:54 Expectation of change in prices 05:44 Supply of labour #managementbydrmituldhimar