The Supply Curve
Published at : 20 Sep 2021
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.
Supply and Demand 5-day HS unit plan: https://mru.io/finding-equilibrium-4cbee
Assessment questions: https://mru.io/principles-10014
EconInbox, a free weekly email of class-ready news articles, videos, and more: https://mru.io/engage-students-f9735
More high school teacher resources: https://mru.io/high-school-a9c08
More professor resources: https://mru.io/university-teaching-090e7
CONTINUE LEARNING
Next video—The Equilibrium Price and Quantity: https://mru.io/equilibrium-price-9eea2
Practice questions: https://mru.io/supply-curve-b5363
Full Microeconomics course: https://mru.io/principles-economics-42265
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