The Supply Curve
Overview
Supply and Demand curves are used to in economics to show what the
equilibrium
supply and price of any particular good or service. The curves can be used to show the effects of changes
to the equilibrium levels.
The curves are typically drawn such that the price is on the y axis and quantity of product is on the x-axis.
The supply curve is generally thought to be upward sloping. That is, as the price of a good goes up, a company will
produce more of it.
Macro-Economic Supply Curves
In macro-economics, the time frame over which the curve operates is an important consideration.
