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Running head: ANNOTATED BIBLIOGRAPHY
Economics. Online. (n.d). Global economics. Retrieved from
This article explains the concept of the supply curve. The article states that the position of
the supply curve is determined by various factors such as labor, availability of raw materials,
operation costs, the demand of products, etc. It states that an increase in the cost of production
will reduce the supply of product. Also, demand in the products will cause an increase in supply.
If the product of the product is high, the company has to increase the supply to fulfill the needs
of the customers. Availability of labor affects the supply of products in that there are more
people to produce the desired products.
This article has provided information on how GM Company can use the concept of
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