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.





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.


See also