Search form. Barack Obama. Barack Obama is the 44th President of the United States. His story is the American story -- values from the heartland, a middle-class upbringing in a strong family, hard work and education as the means of getting ahead, and the conviction that a life so blessed should be lived in service to others.
If both demand and supply decrease, consumers wish to buy less andfirms wish to supply less, so output will fall. However, since consumers place a lower value on each unit, but producers are willing to supply each unit only at higher prices, the effect on price will depend on the relative size of the two changes.
An Increase in the Quantity Supplied. The Quantity Supplied is an amount at a given price while Supply is the entire relationship between the various Quantities Supplied at a variety of prices. When the price increases from P1 to P2, the quantity supplied increases from Q1 to Q2. Changing the price leads to changes in the quantity supplied. Paying extra for overtime is a way to increase the quantity supplied. Supply is the relationship between Prices and Quantities Supplied.