SUPPLY CURVE
(noun)Did you mean?
Definitions
There is 1 meaning of the phrase
Supply Curve.
Supply Curve - as a noun
In economics, graphic representation of the relationship between product price and quantity of product that a seller is willing and able to supply.
Example: "By its very nature, conceptualizing a supply curve requires the firm to be a perfect competitor (i.e. to have no influence over the market price)."
Example Sentences
"The supply curve shows the relationship between price and quantity supplied."
"A shift in the supply curve can occur due to changes in production costs."
"When the supply curve shifts to the right, it indicates an increase in supply."
"The slope of the supply curve represents the elasticity of supply."
"An upward-sloping supply curve indicates a positive relationship between price and quantity supplied."
