oboloo Glossary

Market Supply Curve

oboloo Glossary

Market Supply Curve

The Market Supply Curve is a key concept in business economics, used to demonstrate the relationship between price and quantity for goods or services supplied by a particular market. Put simply, it shows how much of a product producers are willing to supply at different prices. It’s a straightforward but powerful tool that shifts as the cost of production changes and helps businesses understand the balance between demand and supply. By using the Market Supply Curve, businesses can better anticipate trends and make informed decisions about pricing and production levels. With this knowledge, they can increase their profits while also contributing to a healthier economy overall.