SUPPLY CURVE


Meaning of SUPPLY CURVE in English

A graphical representation of a supply schedule . Conventionally, the supply curve is drawn between axes with price plotted along the vertical axis and number of units of the good or service supplied plotted along the horizontal axis. Where the law of supply applies to the particular market under consideration, the supply curve will slope (either gently or steeply) upwards from left to right.

[See also: supply , supply schedule ]

English glossary of political economy terms.      Английский глоссарий политико-экономических терминов.