Supply curve: Difference between revisions
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''Economics.'' | ''Economics.'' | ||
A graphical illustration of the periodic quantity of a specified good or service that the producer would be prepared to sell at a given price. | A graphical illustration of the periodic quantity of a specified good or service that the producer would be prepared to produce and sell at a given price. | ||
Supply curves are generally upward sloping. | |||
As the price increases, the quantity supplied increases. | |||
As the price decreases, the quantity supplied decreases. | |||
== See also == | == See also == | ||
* [[Demand curve]] | * [[Demand curve]] | ||
* [[Demand side policy]] | |||
* [[Production possibility curves]] | * [[Production possibility curves]] | ||
* [[Supply side policy]] | |||
[[Category:The_business_context]] | |||
[[Category:Financial_products_and_markets]] | |||
Latest revision as of 18:05, 23 April 2020
Economics.
A graphical illustration of the periodic quantity of a specified good or service that the producer would be prepared to produce and sell at a given price.
Supply curves are generally upward sloping.
As the price increases, the quantity supplied increases.
As the price decreases, the quantity supplied decreases.
