Everything You Need to Know About the Law of Supply

Why do things cost what they do? And why do stores run out of items or are overstocked? Learn exactly why through the law of supply.

Sinead O’Sullivan is a Senior Researcher at Harvard Business School’s Institute of Strategy and Competitiveness. Having previously worked with NASA and the Jet Propulsion Laboratory as a human spaceflight designer, her work now focuses on the business and economics of Interplanetary as well as Earth-focused missions and economies.


Chapters:
0:00 Supply schedule
0:40 Supply curve
1:31 Price increases
2:40 Suppliers increase
2:58 Change in quantity supplied


This lesson is excerpted from Outlier’s Intro to Macroeconomics course. Learn more about this course and check out our full catalog at https://www.outlier.org.

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