oboloo Glossary

Supply Curve Increase

oboloo Glossary

Supply Curve Increase

The Supply Curve Increase is an economic concept that measures the shift in an entity’s supply of a given product or service due to changes in market conditions. In other words, it keeps track of the shifts in how much of a product or service is being offered at the same price. When the Supply Curve Increase happens, sellers are offering more of the product or service at the same price point, leading to an increase in overall quantity supplied. This can have long-term implications for the economy, as it encourages competition, which can help drive down prices and improve quality of goods.