Video Transcript

Hello. In this video, we're going to talk about the supply curve and why it is upward sloping. So let me draw a supply curve for you, and the blue line is going to be the supply curve. So why is the supply curve upward sloping? It is upward sloping because as price increases, the quantity supply increases and as price decreases, the quantity supply decreases. And this is the, uh, the law of supply. And intuitively, this just means that, um because prices are higher, sellers make a higher profit and in order to maximize their profits, they just are willing to sell more to increase their profits. And that's why the supply curve is Albert sloping. It is due to the law of supply.




You are watching: Why does the supply curve slope upward

*

*

*

Upgrade today to get a personal rebab.net Expert Educator answer!


*

*



See more: Which Government Agency Primarily Deals With Domestic Policy Issues?

Absolute Value - Example 1

In mathematics, the absolute value or modulus |x| of a real number x is its numerical value without regard to its sign. The absolute value of a number may be thought of as its distance from zero along a number line; this interpretation is analogous to the distance function assigned to a real number in the real number system. For example, the absolute value of ?4 is 4, and the absolute value of 4 is 4, both without regard to sign.


Absolute Value - Example 2

In mathematics, the absolute value or modulus |x| of a real number x is its numerical value without regard to its sign. The absolute value of a number may be thought of as its distance from zero along a number line; this interpretation is analogous to the distance function assigned to a real number in the real number system. For example, the absolute value of ?4 is 4, and the absolute value of 4 is 4, both without regard to sign.