oboloo Glossary

Supply Curve Economics

oboloo Glossary

Supply Curve Economics

Supply Curve Economics is an economic theory which states that the amount of a product supplied by manufacturers and producers rises when the price of the product increases and falls when the price decreases. In other words, it’s a concept that says that sellers are more likely to put forth effort to increase their supply if they’re earning more money for it. By analyzing shifts in the price and quantity of goods over time, we can gain insight into how markets work and create strategies that can help businesses grow. Supply Curve Economics is a fundamental part of economics and is often used in decision-making processes related to pricing and market entry.