Supply Curve

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. A supply curve shows on a graph how price and quantity interact. If price is displayed on the vertical axis of a graph and quantity is displayed along the horizontal axis, the curve that is drawn showing supply at different price points will slope upwards, meaning quantity supplied increases as prices increase.