Market Supply Analysis

It increases

Potential profit

A change in quantity supplied vs. a change in the determinants of supply

<p>Pr = TR - TC</p> Signup and view all the answers

<p>The market supply function is the sum of individual supply curves, constructed by adding the quantities supplied at each price level.</p> Signup and view all the answers

<p>The quantity supplied increases</p> Signup and view all the answers

<p>The higher the price, the higher the profit potential</p> Signup and view all the answers

<p>A change in quantity supplied is a movement along the supply curve, while a change in supply is a shift of the supply curve.</p> Signup and view all the answers

<p>Economic and non-economic changes that affect producers' supply of a particular good</p> Signup and view all the answers

<p>Ceteris paribus, or all other factors remain unchanged</p> Signup and view all the answers