Graphing a Supply Curve from a Supply Schedule, and How to Read a Supply Graph

Описание: How do you graph a supply curve? Learn how to build and read supply curves on supply and demand graphs using real-world economics examples.

In this MRU video, we walk step-by-step through how to create a supply curve from a supply schedule and explain the two key ways economists read supply graphs.

You’ll learn:
How to graph a supply curve from a supply schedule (data showing the quantity supplied at various prices)
Why supply curves slope upward
How price affects quantity supplied
The “horizontal method” for reading supply curves: the quantity supplied at a given price
The “vertical method” for finding minimum acceptable prices at a given quantity

Using the market for oil as an example, we show how to convert a supply schedule into a graph and how to interpret what the graph means in practice.

LEARNERS: Test your knowledge of this topic with a set of practice questions: https://mru.org/practice-questions/gr...

TEACHERS: This topic is covered in MRU’s free Supply, Demand, and Equilibrium Unit Plan–7 days of lesson plans including videos, interactive tools, and classroom activities. These resources are always available to teachers for FREE at MRU.org: https://mru.io/e92