Economics SL
Economics SL
4
Chapters
96
Notes
Unit 1 - Intro to Econ & Core Concepts
Unit 1 - Intro to Econ & Core Concepts
Unit 2 - Microeconomics
Unit 2 - Microeconomics
Unit 3 - Macroeconomics
Unit 3 - Macroeconomics
Unit 4 - The Global Economy
Unit 4 - The Global Economy
IB Resources
Unit 2 - Microeconomics
Economics SL
Economics SL

Unit 2 - Microeconomics

Understanding Movements & Shifts In The Supply Curve

Word Count Emoji
631 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onย 5th Nov 2024

Table of content

Hello there, young economist! Today, we're diving into an exciting part of economics - movements and shifts in the supply curve. It's like a dance, but with curves on a graph instead of fancy footwork on a floor. Let's get into it!

Key concepts explained ๐Ÿ’ก

Supply curve a quick recap ๐Ÿ”„

Remember, a supply curve is like a secret code that tells us how many units of a good or service a supplier is willing and able to produce at different prices. The higher the price, the more they're willing to produce. Why? Because higher prices = more profit! ๐Ÿ’ฐ

Unlock the Full Content! File Is Locked Emoji

Dive deeper and gain exclusive access to premium files of Economics SL. Subscribe now and get closer to that 45 ๐ŸŒŸ

Nail IB's App Icon
IB Resources
Unit 2 - Microeconomics
Economics SL
Economics SL

Unit 2 - Microeconomics

Understanding Movements & Shifts In The Supply Curve

Word Count Emoji
631 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onย 5th Nov 2024

Table of content

Hello there, young economist! Today, we're diving into an exciting part of economics - movements and shifts in the supply curve. It's like a dance, but with curves on a graph instead of fancy footwork on a floor. Let's get into it!

Key concepts explained ๐Ÿ’ก

Supply curve a quick recap ๐Ÿ”„

Remember, a supply curve is like a secret code that tells us how many units of a good or service a supplier is willing and able to produce at different prices. The higher the price, the more they're willing to produce. Why? Because higher prices = more profit! ๐Ÿ’ฐ

Unlock the Full Content! File Is Locked Emoji

Dive deeper and gain exclusive access to premium files of Economics SL. Subscribe now and get closer to that 45 ๐ŸŒŸ