The Supply Curve

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In this video, we explore the relationship between price and quantity supplied. Why does the supply curve slope upward? The supply curve shows how much of a good suppliers are willing to supply at different prices. For instance, oil suppliers in Alaska and Saudi Arabia face different costs of extraction, affecting the price at which they are willing to supply oil.

***CONTINUE LEARNING***

00:00 The Supply Curve
00:38 Example - Supply Curve for Oil
01:00 Expensive vs. Cheaper Sources of Oil
01:30 Example - Supply Curve for Oil continued
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Don't know why they don't just explain it like this in universities! this has been made so simple, thank you.

Karl-huic
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I don’t know what to tell but ur the beesssstttt teacherrrr
Thank You sooo much ❤️
God Bless You all 🙏🏽

agapegospelband
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the way you have explained with proper animations and sound effects is awesome❤

prakhargupta
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Sir! You make it look easy. Many blessings.

noenshindi
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sure beats the teacher i had for 8 hours

seymuzik
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i am thankful to you sir ..this video is really useful to me

sunilvlogsgrowth
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"WOW" wtf was that sound ! 2:09

Simran-xnec
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Thank you so much for sharing your knowledge with clear explanation.

senaeibrahim
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Awesome demonstration...its really making easier to understand

opentalkperson
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thank you for sharing this knowledge for free :-)

carrigym
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How come I understood this after years of just coming across D&S curves not knowing what they really meant?

adildoloo
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most useful of time to me before the exam

vrk_creation
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sir, isnt the entrance of new suppliers a case of shift in supply curve hence not the right example to quote on quantity supplied

sanarehman
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Sandeep sir is great he is my favorite teacher

mohdfarooq
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thank you so much! learned more in two minutes than two months in my intro to econ class !

roypeles
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hai saya sangat suka dengan penjelasan ini membantu saya untuk mempersiapkan kuliah I LOVE ECONOMICS

rumahinfo
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You have given good examples.. and explained very well 👌

vyakateshurane
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oh my gosh thank you I was stuck on this and it made no sense

Jazz
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on the supply curve is he y axis showing the price to produce oil or the price to sell it?

ishvindgrewal
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Nice video I thankful for this video thanx

cliffordrogers