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  • Longrun Supply Curve

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    rohityadavalld
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    The document discusses the long run supply curve and how it shifts due to changes in price. The supply curve shows the relationship between price and quantity, with quantity supplied increasing as price increases from P1 to P3 along the supply curves S1, S2 and S3. The long run supply curve shifts right from S1 to S2 to S3 as producers are able to increase output from Q1 to Q2 to Q3 in response to higher prices.

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    Supply Curve

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    The document discusses the long run supply curve and how it shifts due to changes in price. The supply curve shows the relationship between price and quantity, with quantity supplied increasing as price increases from P1 to P3 along the supply curves S1, S2 and S3. The long run supply curve shifts right from S1 to S2 to S3 as producers are able to increase output from Q1 to Q2 to Q3 in response to higher prices.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    13 views2 pages

    Longrun Supply Curve

    Uploaded by

    rohityadavalld
    The document discusses the long run supply curve and how it shifts due to changes in price. The supply curve shows the relationship between price and quantity, with quantity supplied increasing as price increases from P1 to P3 along the supply curves S1, S2 and S3. The long run supply curve shifts right from S1 to S2 to S3 as producers are able to increase output from Q1 to Q2 to Q3 in response to higher prices.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    LONG RUN SUPPLY CURVE

    PRICE MECHANISM
    P
    R
    I
    C
    E

    QUANTITY
    S
    1
    S
    2
    S
    3
    Q
    1
    Q
    2
    Q
    3
    P
    1
    P
    1
    P
    1

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