3min chapter

Think Like An Economist cover image

S E9: Supply - Getting the Best Out of What You Sell

Think Like An Economist

CHAPTER

The Rational Rule for Sellers

The law of supply tells us that the higher the price, the greater the quantity businesses will supply. If there are more people selling coffee, the total market wide supply of coffee will be greater. It's time to think like an economist and start thinking about yourself as a seller.

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