Note: This is the third post in a weekly video series on basic microeconomics.
The supply curve seems like an easy enough concept to understand: it’s a graphic representation of the relationship between the quantity of product that a seller is willing and able to supply at a particular price. Continue Reading...
Note: This is the second post in a weekly video series on basic microeconomics.
To demonstrate how much of a good or service people are willing to buy at different prices, economists often use a graph called the demand curve. Continue Reading...
Note: This is the first post in a weekly video series on basic microeconomics.
For the past two years I’ve been rolling out a series of posts that attempt to define and explain a range of economic terms from a Christian context. Continue Reading...