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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
***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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