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History for Supply Curve (history as of 03/05/2015 11:20:58)

The supply curve is normally a graphic representation of the relationship between the product price and the quantity of a product (good or service) that a seller is willing and able to supply. Product price is usually measured on the vertical axis of the graph and quantity of product supplied is measured on the horizontal axis. In most cases, the supply curve is drawn as a slope rising upward from left to right, since product price and quantity supplied are directly related.

 

This definition was sourced from www.britannica.com

  

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