Supply curve: Difference between revisions
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imported>Doug Williamson m (Spacing 20/8/13) |
imported>Doug Williamson (Expand.) |
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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. | |||
Revision as of 14:16, 5 May 2016
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.
