Shifts versus Movements along the Supply curve

[@shapebyshana324]

explanations are easy to understand and surprisingly calming. thank you for making your channel!!

[@econhelp_official]

You're very welcome Shape by Shana!!! Good Luck with your study!!

[@mariamkeita8675]

Trying to finish this problem set that's due in 50 minutes and this video just saved me. I felt my brain getting bigger every ten seconds. Thank you so much!!

[@GDPWorking]

That helps!! Thank you.

[@take_a_photo22]

thank you

[@econhelp_official]

You're welcome! Thanks for the comment!

[@ryankarnik3587]

Love the vids keep it up

[@adiplays5391]

We should meet up some time!

[@econhelp_official]

Thanks Ryan! I hope your study went well :)

[@Gusto0172]

Thanks, simple succinct explanations Great work.

[@econhelp_official]

Thanks so much 🙏 good luck with your study 📚

[@wrestworld2450]

Very informative

[@econhelp_official]

Glad you liked it! Good luck with your studies!

[@olaf1538]

What a great and easy explanation

[@econhelp_official]

Glad it was helpful! Thanks for the comment!

[@shalinisourav8828]

Helped me!!!!

[@econhelp_official]

Amazing! Thanks for the comment ❤️

[@soubhagyaghosh8558]

Thanks! I had a question.... Does the shift always needs to be parallel.?

[@econhelp_official]

Good question and not at all! For instance, as you will probably see later in your course (if you cover taxes), we model the effect of taxes as shifts (for every price now we demand less for instance, because we have to pay a tax). When the value of the tax is a percentage of the price, then the higher the price the larger the tax, and so the shift is not parallel. Like this diagram www.economicshelp.org/concepts/ad-valorem-tax/. This probably doesn't make complete sense to you atm, but it will when you cover taxes :)

[@soubhagyaghosh8558]

@@econhelp_official Noted..Thanks fr d response , are there any general constraints or prerequisites fr such a non-parallel shift or kind of rotation as it seems....?

[@WijthaGayan]

why a long-run supply curve might slope upward ?

[@econhelp_official]

Hi! An 'increasing cost' industry will give you this, when the average costs increases as the industry expands (Q increases). One possibility is that the increase in demand for the inputs to production (labour, capital, land etc) leads to an increase in the costs of these inputs. Another possibility is that the good becomes more scarce (harder to come-by) as the industry grows - for instance mining for precious metals which are finite.

[@WijthaGayan]

@@econhelp_official thank you answering my question