SUPPLY- refers to different quantities offered for sale at different price.

QUANTITY SUPPLY refers to a definite offered for sale. THE LAW OF SUPPLY MAINTAINS. A. QUALITY SUPPLIED BECOMES GREATER AS PRICE RISE, OTHER THINGS CONSTANT. B. QUANTITY SUPPLIED BECOMES LESSER AS PRICE FALLS. ASSUMING COMMERCIAL BUSINESS COST ARE CONSTANT, A HIGHER PRICE MEANS HIGHER PROFIT. THE HIGHER PROFIT LEAVE IT TO INCREASE OUTPUT AS PRICE GOES UP. A SUPPLY CURVE REFERS TO A GRAPHICAL RELATIONSHIP BETWEEN PRICE AND QUANTITY SUPPLIED- GRAPHICAL REP. SHIFT IN SUPPLY CURVE SUPPLY REFERS TO SCHEDULE OF QUANTITIES, A SALER IS EAGER TO SALE PER UNIT OF TIME AT BARRING PRICES, OTHER THINGS CONSTANT. QUANTITY SUPPLIED RELATES TO A DEFINITE AMOUNT THAT WILL BE SUPPLIED AT A SPECIFIC TIME. FACTORS OF SUPPLY PRICE OF INPUTS ANY BUSINESS COMPANY W/C TRIED TO COSTS IN ORDER TO EARN A PROPIT. THE COST WILL DETERMINE HOW MUCH A FIRM IS WILLING TO SUPPLY. IT COST RAISES PROFITS WILL SUDDENLY GO DOWN AND A FIRM HAS LESS ACTION OR EFFORT TO SUPPLY. TECHNOLOGY-THE TECHNOLOGY DEVELOPMENT THAT REDUCES THE NUMBER WORKERS WILL CUT COSTS OF PRODUCTION. A REDUCTION OF EXPENSES OF PRODUCTION PRICE PROFITS AND LEAVES SUPPLIERS TO EXPANDS THEIR PRODUCTIONS. TAXES AND SUBSIDIES A. GOVERNMENT REQUIRES A BUSINESS COMPANY TO PAY A PORTION OF THE INCOME FROM THE PRODUCT. B. TAXES INCREASE THE COST OF PRODUCTIONS PROFIT CUT DOWN AND SUPLLIER WILL REDUCE SUPPLY. EXPECTATIONS A. SUPPLIER EXPECTATIONS ARE SIGNIFICANT ASPECTS IN THE PRODUCTION DECISION. B. IF A SUPPLIER UP THE PRICE OF GOODS TO RAISE A SOME TIME IN THE FUTURE, HE MAY RESERVE FOR FUTURE .

Chapter 5- LAND REFORM AND AGRICULTURAL DEVELOPMENT PD 27- THE FILIPINO FARMERS GOT HIS RIGHTFUL DUE AND DOES BECOME EMANCIPATED FROM THE BANDAGE OF THE SOIL. LAND REFORM- MEANS NOT ONLY IMPROVING LIQUID (LIVING CONDITION) BUT MOREOVER AFFORDING A CHANCE TO OWN THE LAND THEY FILL. LEASEHOLD RELATIONSHIP REPLACED THE SHARE TENANCY IT PROUDED FOR TRANSFER & OWNERSHIP OF LAND FILLED BY THE FARMERS. IMPORTANCE OF LAND REFORM 1. IT CAN MEAN THE DIFFERENCE BETWEEB EXPLOSIVE TENSION AND STABILITY TENSION. 2. A NATION OF FARM OWNERS &TENANTS WHO HAVE THE OPPURTUNITY TO BECOME FARM OWNER IS THE BASIC ELEMENT OF A STABLE SOCIETY. LAND REFORM UNDER THE NEW SOCIETY OCT.21,1972 --DECREEING THE EMANCIPATION OF THE TENANTS FROM THE BANDAGE OF THE SOIL, TRANSFERRING THEM, THE OWNERSHIP OF THE LAND THEY FILL, & PROVIDING THE INSTRUMENT & MECHANICS. --UNDER THE DECREE: THE TENENT FARMER WHETHER IN LAND CLASSIFIED AS LANDED ESTATE OR NOT SHALL BE DEEMED OWNER OF A PORTION CONSTITUTING A FAMILY SIZE FARM OF 5 HECTARES IF NOT IRRIGATED AND 3 HECTARES IF IRRIGATED --IN THE SAME CASE OF OWNER HE MAY RETAIN AN AREA OF NOT MORE THAN 7 HECTARES IF SUCH OWNER IS CULTIVATING SUCH AREA WILL HOW CULTIVATE IT. HIGHLIGHTS OF PD27 1. LAND OWNERS MAY RETAIN 7 HECTARES IF THIS HOLDINGS ARE CULTIVATING IT OR WILL CONTINUE TO CULTIVATE IT. 2. IN A CASE, SHALL THE TENANTS BE EJECTED FROM HIS LAND HOLDING UNDER THE DECREE 3. THE TENANT FARMERS ARE DEEMED OWNERS OF THE LAND THEY FILL AS OF OCT 21 1972 WHICH IS SIGNING OF PD27 4. IF THE TENANTS MUST BECOME FULL PLEDGE MEMBERS OF A COOPERATIVE BE FORE BEING ISSUED A CERTIFICATE OF LAND TRANSFER. 5. THAT THE LANDS AFFECTED ARE PRIMARILY DEVOTED TO RICE AND CORN.

COMPLEMENTARY MEASURES COHACENT THE IMPLEMENTATION OF LAND PROGRAM THE FOLLOWING GOVERMENTAL AGENCIES WERE LISTED. A. GOVERNMENT AGENCIES IN FUNDING. FUNDING BY THE BANKING OF RURAL BANKS CENTRAL BANK OF THE PHIL, NATL BANK AND AGRICULTURAL CREDIT ADMINISTRATION B. LAND EVALUATION AND TITTLES HAS BEEN ENTRUSTED AS THE TASK AND RESPONSIBILITY OF THE DEPT OF AGRARIAN REFORM. C. INFRASTRUCTURE COMPLEMENTARY TOOLS ROADS, BRIDGE IRRIGATION ->DPWH HAND IN HAND BOTH THE DEPT OF LOCAL GOVNT. D. PAYMENT OF LAND OWNERS LANDOWNERS ARE TO BE PAID IN EQUAL INSTALLMENT FOR 15 INSTALLMENT AT 6% INTEREST PER ANNUM E. OPERATION LAND TRANSFER HE RECEIVES A CERTIFICATE OF LAND TRANSFER ON THE LAND FOR WHICH HE PAYS THE LAND OWNER OR THE LAND BANK WHICH ADVANCES PAYMENT TO THE OWNER IN 15 EQUAL ANNUAL AMOTIZATION.