supply curve
nounUK /səˈplaɪ kɜːv/
US /səˈplaɪ kɝːv/
A supply curve is a line on a chart that shows how much of something sellers want to sell at different prices.
The supply curve slopes upward because farmers grow more apples when the price is higher.
OTHER MEANINGS
2. A graph showing the total amount of a good all sellers in a market offer at each price.
The market supply curve shifts right when new companies enter the industry.
3. A visual tool teachers use to explain how producers react to price changes.
In class we drew a supply curve to see what happens when costs go down.
4. A line that can move or shift when things like technology or taxes change.
A new machine shifted the supply curve to the right.