Timeline for Why does quantity supplied increase with price in economics?
Current License: CC BY-SA 3.0
9 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Oct 14, 2019 at 5:53 | vote | accept | tphilli | ||
| Aug 18, 2018 at 18:59 | comment | added | ben | @EnergyNumbers There is evidence of price wars, sure, but can you point to an empirical basis for the idea that firms produce more and/or more firms enter the industry when price goes up? This is what the OP was requesting. | |
| Jul 27, 2016 at 1:46 | comment | added | 410 gone | @tphilli yes, that's a useful and succinct way of looking at it | |
| Jul 26, 2016 at 15:32 | comment | added | tphilli | I understand the difference between a shift and a movement, it's just that to me it seems that "rising costs of production" somehow may cause both of those. I think I have an explanation, is it that in a movement, the producer is buying simply buying the higher-priced factors of production, while in a shift, the prices for some (or all?) the factors of production are changing? | |
| Jul 26, 2016 at 14:13 | comment | added | 410 gone | There are two different types of movement: the one I described above is a movement along the supply curve. Your comment is asking about movement of the supply curve, which is a different thing. | |
| Jul 25, 2016 at 16:21 | comment | added | tphilli | This is a very helpful answer, you addressed my points. I was forgetting about the competitive aspect of the market when I did this. However, your information about the costs of production seems to contradict what other economics sources say about it, like this one: economicsonline.co.uk/Competitive_markets/Shifts_in_supply.html. This page says that rising costs of production causes a shift in the supply curve, not a movement along one. How does this work? | |
| Jul 24, 2016 at 19:55 | vote | accept | tphilli | ||
| Oct 14, 2019 at 5:53 | |||||
| Jul 24, 2016 at 5:26 | history | edited | 410 gone | CC BY-SA 3.0 |
added 641 characters in body
|
| Jul 24, 2016 at 5:20 | history | answered | 410 gone | CC BY-SA 3.0 |