Movement Of Supply Curve

Movement Of Supply Curve

Movement Of Supply Curve

oboloo’s Glossary

Movement of Supply Curve is the concept that affects business economics of a company’s market. It describes how supply and demand interact to determine the prices of goods, services, or commodities sold in a given marketplace. When there’s an increase in demand for a product, the price generally increases due to increased competition for resources. On the flip side, when there’s a decrease in demand for a product, the price often decreases as supply outpaces demand. The Movement of Supply Curve will show businesses how to adjust their activities in order to maximize their profits. Businesses should watch the Movement of Supply Curve closely to ensure that they stay ahead of their competitors in the market.