The Supply Curve

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Marginal Revolution University
Published at : 20 Sep 2021
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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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