What is abnormal supply curve
https://www.google.com/search?q=+abnormal+supply+curve&cad=h
sexo?
The abnormal supply curve refers to a situation where the typical relationship between the price of a product and the quantity supplied is disrupted or does not follow the typical pattern. It is an exception to the usually upward-sloping supply curve, where higher prices usually lead to higher quantities supplied.
To understand and identify an abnormal supply curve, you can follow these steps:
1. Define the regular supply curve: Start by understanding what a typical supply curve looks like. In most cases, the supply curve slopes upward, meaning that higher prices incentivize suppliers to produce and sell more goods or services.
2. Examine the relationship between price and quantity supplied: Plot the price of a product against the corresponding quantity supplied. Normally, as price increases, the quantity supplied should also increase.
3. Look for deviations from the typical pattern: Identify any situations where the relationship between price and quantity supplied does not align with the usual behavior. For example, if the quantity supplied decreases as price increases, or if there is no clear relationship between the two variables, it indicates an abnormal supply curve.
4. Analyze the factors causing the abnormal supply curve: Consider the underlying factors or market conditions that are causing this deviation. It could be due to various factors such as technological changes, government regulations, supply chain disruptions, natural disasters, or sudden shifts in consumer preferences.
By following these steps, you will be able to recognize and understand the concept of an abnormal supply curve and the factors that contribute to its existence.