Supply Curve

… a core concept in Economic Analysis

Concept description

The supply curve shows how much of a good suppliers are willing to supply at different prices.

MRU practice questions

See http://www.mruniversity.com/supply-curve-definition-example-practice-questions:

1. Along a supply curve, if the price of oil falls, what will happen to the quantity of oil supplied?
   1. it will decrease
   2. it will increase 
   3. it will not change
2. If the price of cars falls, are carmakers likely to make ___________.
   1. more cars
   2. fewer cars
   3. the same amount of cars

Source

Alex Tabarrok, The Supply Curve, Marginal Revolution University, at http://www.mruniversity.com/courses/principles-economics-microeconomics/supply-curve-definition-example, accessed 19 April 2016.

Atlas topic and subject

Supply, Demand, and Equilibrium (core topic) in Economic Analysis.

Page created by: Ian Clark, last modified on 19 April 2016.

Image: Minute 0.21 of MRU Video, at http://www.mruniversity.com/courses/principles-economics-microeconomics/supply-curve-definition-example, accessed 19 April 2016.