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Supply function

Supply function is a functional relationship of quantity supplied and factors affecting the supply.
Sx = f (Ps, Pz, T, C, Ex, Gp)
Where, Sx = supply of commodity X
Px = price of commodity X
Py = price of related good, Y
T = state of technology
C = cost of production
Ex = expected price of commodity X
Gp = Government policy

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