Quotulatiousness

April 7, 2015

The Supply Curve

Filed under: Economics — Tags: , , — Nicholas @ 04:00

Published on 2 Jan 2015

In this video, we explore the relationship between price and quantity supplied. Why does the supply curve slope upward? The supply curve shows how much of a good suppliers are willing to supply at different prices. For instance, oil suppliers in Alaska and Saudi Arabia face different costs of extraction, affecting the price at which they are willing to supply oil.

Related posts:

  1. The Demand Curve
  2. Stephen Gordon: One does not simply end supply management
  3. Ending supply management
  4. Investing in fine wine doesn’t diversify your portfolio
  5. “I, Rose” and “A Price is Signal Wrapped Up in an Incentive”

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