oboloo Glossary

Supply Curve To The Right

oboloo Glossary

Supply Curve To The Right

The supply curve to the right is an economic concept used to represent a market’s change in supply as the combination of factors that affect it increase. This could include rising prices, increased competition, new products or services, increased demand for inputs, or changes in production technology. In essence, the supply curve to the right illustrates how a market’s size will grow over time as more goods and services are supplied at higher prices. By visualizing the supply curve in relation to other market forces like demand and price, business owners can better understand their own market position and plan accordingly.