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Will supply curves have the same shape in all markets? If not, how will they differ?
The shape of a supply curve varies depending upon how supply changes in response to change in price. For example: Natural resources are available in a limited quantity. So, supply curve of natural resources will be steeper because it is difficult to increase their production.
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Chapter 3
Demand and Supply
Introduction
How Markets Work
Markets and Welfare
Misha R.
November 15, 2020
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So will supply coughs have the same shape in all markets, if not how they differ. First of all, we need to know the meaning of supply. Hubs and supply cause. Basically show the relationship between price and the quantity off a good dice allies able I'm willing to supply. So the supply cough shows the relationship between the price on the quantity that it couldn't like. That, um, that a cell A is willing to supply for good. So now it's party question. Will they have the same shape, if not how they differ? So, first of all, the shape of a supply called varies depending on how the supply changes in response to a changing price, because the relationship between price and quantity of the good might be different to supply called definitely would very, depending on how the supply changes in response to the changing price. So, for example, natural resources are available in limited resource. Let me take quantity, right so the supply cough over natural resource will be sleep steeper because it's difficult to increase their production. So when the quantity is not large, um, it's definitely affect the supply cough. So the supply company is safe for my kids. No, The answer. We know because supply cough supply cubs very depending upon how the supply changes in response should change in the price stations.
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