supply curve
1
4.6
- noun
- /səˈplaɪ kɜrv/
- Specialized
:
curva de oferta
- The supply curve for corn shows that higher prices lead to greater quantities produced by farmers.
- inelastic supply curve
- labor supply curve
- supply curve shift
Examples
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In a competitive market, the upward-sloping supply curve reflects the relationship between price and quantity sold.
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The economist illustrated how the supply curve shifts upward as production costs increase.
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We know that the supply curve looks like this.
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So my mental model of the oil market is a supply curve that looks maybe like that or maybe like that.
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However, the supply curve does not fully represent these costs.
Academic text (2009) -
We expect the usual positive relationship between production and price for the supply curves in the competitive model.
Academic text (2000) -
When this happens, the existing supply curve is no longer valid.
Blog text (34) -
Based on data gathered, have students plot the supply curve when the demand was high and plot another when the demand was low.
Academic text (1994) -
For a given supply curve, price and quantity supplied are the only two variables at play.
Blog text (34) -
Movements along the supply curve result from changes in demand (via price).
Blog text (34)
Antonyms
Surface Forms
Morphology
The phrase is compositionally built from 'supply' (amount producers provide) and 'curve' (a plotted line), so its meaning as a graph showing supply across prices is directly inferable. This follows a common noun+noun naming pattern and would be understandable to a B1 learner who knows both constituents and basic graphing concepts.
Etymology
Supply curve is a simple picture: supply means what sellers will sell and curve is the rising line on a chart. Imagine sellers bringing more goods when the 'price' goes up, so the line rises to show 'sell more', which is why the supply curve shows how the amount sellers will sell changes with 'price'.