Incentive function

Topics

Incentive function

The incentive function of the price mechanism encourages producers to supply more when prices rise, because of the possibility of greater profit

IB Economics - Incentive-Related Policies in Economics

Study Notes
What Do Free Market Economists Believe?

Study Notes
Olive Oil Prices Climb due to Summer Shortages

7th December 2023
1.2.7 Price Mechanism (Edexcel)

Study Notes
1.2.7 The Price Mechanism (Edexcel A-Level Economics Teaching PowerPoint)

Teaching PowerPoints
France to spend €200m on destroying excess wine as demand falls

27th August 2023
What is the Invisible Hand of the market?

Study Notes
Soaring energy costs force UK tomato growers to quit

13th April 2023
From Pasta to Turnips - the UK Food System Under Pressure

26th February 2023
What is an Economic Model?

Study Notes
Patterns of Demand - WFH takes shine off Kiwi polish

3rd January 2023
Price Mechanism in Action - Kenyan farmers turn to avocados as demand soars

5th October 2022
Price Mechanism in Action - London Hotel Prices Soar!

12th September 2022
The Price Mechanism (Revision Quizlet Activity)

Quizzes & Activities
Revision Blast (Year 12 Economics) - The Market Mechanism

Topic Videos
Price Mechanism - World Coffee Prices Hit 10-Year High

8th December 2021
Price Mechanism - Volatile Prices for Natural Gas

Topic Videos
Price Mechanism - Economics of Secondhand Car Prices

Topic Videos
Supply and demand in action - surging demand for tents brings supply shortage

21st July 2021
Explaining the Price Mechanism

Topic Videos
Price Mechanism - Shifts in and Movements along Curves

Topic Videos
Markets in Action - Soaring Helium Prices

Topic Videos
How TV advertising's woes have given small firms a bite at the cherry

29th August 2020
Why real saffron is so expensive

28th June 2020
Price mechanism in action - tobacco farmers chasing a sweeter crop

2nd January 2020
2020 Micro Economics Mock Playlist (Markets)

1st December 2019
How Markets Work - Introductory Demand Concepts

Study Notes

Explore

More for students

Free Economics resources

Topics

Incentive function

IB Economics - Incentive-Related Policies in Economics

What Do Free Market Economists Believe?

Olive Oil Prices Climb due to Summer Shortages

1.2.7 Price Mechanism (Edexcel)

1.2.7 The Price Mechanism (Edexcel A-Level Economics Teaching PowerPoint)

France to spend €200m on destroying excess wine as demand falls

What is the Invisible Hand of the market?

Soaring energy costs force UK tomato growers to quit

From Pasta to Turnips - the UK Food System Under Pressure

What is an Economic Model?

Patterns of Demand - WFH takes shine off Kiwi polish

Price Mechanism in Action - Kenyan farmers turn to avocados as demand soars

Price Mechanism in Action - London Hotel Prices Soar!

The Price Mechanism (Revision Quizlet Activity)

Revision Blast (Year 12 Economics) - The Market Mechanism

Price Mechanism - World Coffee Prices Hit 10-Year High

Price Mechanism - Volatile Prices for Natural Gas

Price Mechanism - Economics of Secondhand Car Prices

Supply and demand in action - surging demand for tents brings supply shortage

Explaining the Price Mechanism

Price Mechanism - Shifts in and Movements along Curves

Markets in Action - Soaring Helium Prices

How TV advertising's woes have given small firms a bite at the cherry

Why real saffron is so expensive

Price mechanism in action - tobacco farmers chasing a sweeter crop

2020 Micro Economics Mock Playlist (Markets)

How Markets Work - Introductory Demand Concepts

Explore

More for students

Subjects

Quick links

Student events & courses

Free Economics resources

Topics

Incentive function