Supply Locus: A Note on the Supply Decisions of Monopolistic Firms

John Roufagalas

Journal for Economic Educators, 2015, vol. 15, issue 1, 13-18

Abstract: This note introduces the concept of the supply locus to describe the systematic supply responses of monopolistic firms to changes in demand. While in general the supply locus is not unique, it is shown that it is unique in the empirically interesting cases of a) a linear demand that shifts in a parallel fashion, and b) a constant elasticity exponential demand that shifts in a way that preserves its elasticity.

Keywords: supply locus; monopolistic competition; monopoly (search for similar items in EconPapers)
JEL-codes: A22 D40 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:mts:jrnlee:v:15:y:2015:i:1:p:13-18

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