The aggregate supply curve is positively sloped because at a higher price level, producers are more willing to supply more real output.
Good day, I would like to know the relevance of OFFER CURVE to applied microeconomics.
The supply curve during the market period is perfectly inelastic and vertical. This shows that the supply cannot be increased in the short run.
Because it is basically curved shape, therefore, there are points/areas on the curve where the demand or supply will be elastic and on some other parts be inelastic. At the top of the curve, demand/supply tends to be inelastic and at the bottom of the curve, it tends to be elastic. Obviously, the more you go up the more we reach the perfectly inelastic demand/supply and the further you go down the curve, the more you reach the perfectly elastic demand/supply
what will be the shape of indifference curve if one of the two goods is a free commodity
my name is sheela sheela ki jawani
Good day, I would like to know the relevance of OFFER CURVE to applied microeconomics.
The supply curve during the market period is perfectly inelastic and vertical. This shows that the supply cannot be increased in the short run.
Because it is basically curved shape, therefore, there are points/areas on the curve where the demand or supply will be elastic and on some other parts be inelastic. At the top of the curve, demand/supply tends to be inelastic and at the bottom of the curve, it tends to be elastic. Obviously, the more you go up the more we reach the perfectly inelastic demand/supply and the further you go down the curve, the more you reach the perfectly elastic demand/supply
A Cooling curve graph changes shape.
what will be the shape of indifference curve if one of the two goods is a free commodity
i believe it's called 'curve' because of the shape, it's curved ...
my name is sheela sheela ki jawani
A term used to refer to a particular ear set in llamas where the ears come up and curve inwards similar to the shape and size of a banana
an ellipse
the shape of the curve skewed is "right"
A Bézier curve is a parametric curve defiend by a set of control points, two of which are the ends of the curve, and the others determine its shape.
All diamond necklaces form the shape of a curve, so they will lie flat against the neck.