Supply Curve

A supply curve is a graph that shows how much of a product producers are willing to supply at different prices. Generally, as prices increase, producers are willing to supply more because they can make higher profits. Conversely, if prices drop, they tend to supply less. The curve typically slopes upward, indicating this positive relationship. It's a useful tool for understanding how market prices influence the amount of goods available, helping businesses and policymakers make informed decisions about production and pricing strategies.