No Supply Curve in a Monopolistic Market
Requires a Wolfram Notebook System
Interact on desktop, mobile and cloud with the free Wolfram Player or other Wolfram Language products.
In a monopolistic market, there are instances where changes in demand curves do not produce a change in both price and quantity ( and ). Change the variables in this Demonstration to see that with a change in demand curve, a monopolist can either produce the same quantity but charge a different price or charge the same price but produce at a different quantity. Therefore, there is no one-to-one relationship between quantity and price—a monopolistic market has no supply curve. You can mouse over a curve to identify it.
Contributed by: Samuel G. Chen (March 2011)
Open content licensed under CC BY-NC-SA
"No Supply Curve in a Monopolistic Market"
Wolfram Demonstrations Project
Published: March 7 2011