The relationship between the quantities supplied and the determinants of supply is called supply function. It may be written as follows:
- = f(x1, x2, x3………..xn) or = f(P, T, Gp, Fc……..) where is quantities supplied, P is price, T is technology, Gp is Government policy, Fc is cost of factors of production. Generally Supply Function is * = f(p).
