Search results
Results from the WOW.Com Content Network
What Is a Supply Curve? The supply curve illustrates the correlation between the cost of a product or service and the quantity of it that is available.
supply curve, in economics, graphic representation of the relationship between product price and quantity of product that a seller is willing and able to supply. Product price is measured on the vertical axis of the graph and quantity of product supplied on the horizontal axis.
A supply curve is a graphical representation of the relationship between the number of products that manufacturers or producers are willing to sell or supply and the price of those items at any given time.
Change in supply versus change in quantity supplied. Law of supply. Factors affecting supply. What factors change supply? Lesson summary: Supply and its determinants.
Definition of Supply Curve. The supply curve is a graphical representation of the relationship between the quantity of a good that producers are willing and able to sell and the price of that good, assuming all other factors remain constant.
The supply curve is a graphical representation of the quantity of goods or services that a supplier willingly offers at any given price. This represents how supply works. Let’s break down the supply curve to better understand it.
Define the quantity supplied of a good or service and illustrate it using a supply schedule and a supply curve. Distinguish between the following pairs of concepts: supply and quantity supplied, supply schedule and supply curve, movement along and shift in a supply curve.
Supply curves are an essential tool for understanding the law of supply. They show in graphical form how, as prices of a good or service increase, producers will increase the quantity they supply.
Definition. A supply curve is a graphical representation showing the relationship between the price of a good or service and the quantity supplied by producers at various price levels.
Supply curve is a graphical representation of the direct relationship between the price of a product or service, and its quantity that producers are willing and able to supply at a given price within a specific time period, ceteris paribus.