Author Topic: Supply Curve:  (Read 66 times)

Offline Md. Alamgir Hossan

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Supply Curve:
« on: April 03, 2017, 05:09:23 PM »
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 provided other things such as number of suppliers, resource prices, technology etc. remain constant. It is important to note that producers must not only be willing to supply a certain quantity at a given price but they must have the ability, in the form of production facility or other means, to supply that quantity.