supply curve
Quantity-price producer graph
A supply curve is a graph showing the relationship between a product's price and the quantity producers are willing to sell.
Typically slopes upward: higher prices incentivize greater production.
The supply curve intersects the demand curve at market equilibrium.
A drought shifts the supply curve for corn to the left.
Tendency to resume original form
- inelasticityInability to stretch back
- marginal costPer-unit production increase expense
- production costsExpenses of making goods
- profit maximizationPursuing greatest possible gains
efficiency · scalability · average cost · total cost · variable cost · fixed cost · opportunity cost · diminishing returns
Angled terrain or steepness
- axisRotation reference line
- interceptSeize en route
- coordinatesLocation-specifying number pairs
- plotStoryline or land parcel
shift · leftward · rightward · intersection · diagram · linear · nonlinear · schedule
Applied scientific methods
- taxesMandatory government payments
- subsidiesFinancial aid from government
- regulationsEnforced rules and standards
- expectationsBeliefs about future outcomes
weather · natural disasters · production costs · government policy · trade policy · innovation · labor costs · raw materials
Amount exceeding requirement
- shortageDeficient supply of necessities
- intersectionPoint where paths meet
- price floorLowest permitted cost
- price ceilingMandated maximum charge
elasticity
Tendency to resume original form
- inelasticityInability to stretch back
- marginal costPer-unit production increase expense
- production costsExpenses of making goods
profit maximization · efficiency · scalability · average cost · total cost · variable cost · fixed cost · opportunity cost · diminishing returns · long run
slope
Angled terrain or steepness
- axisRotation reference line
- interceptSeize en route
- coordinatesLocation-specifying number pairs
plot · shift · leftward · rightward · intersection · diagram · linear · nonlinear · schedule · table
technology
Applied scientific methods
- taxesMandatory government payments
- subsidiesFinancial aid from government
- regulationsEnforced rules and standards
expectations · weather · natural disasters · production costs · government policy · trade policy · innovation · labor costs · raw materials · tariffs
surplus
Amount exceeding requirement
- shortageDeficient supply of necessities
- intersectionPoint where paths meet
- price floorLowest permitted cost
- economicsinflation, GDP, GNP, gross domestic product, gross national product
- microeconomicsdemand, price, market, elasticity, equilibrium
- economic chartsbudget line, marginal cost, average cost, growth chart, trade balance
- statistical curvest-distribution, ogive, sigmoid
- econometricseconometrics, time series, autocorrelation
- production economicsinputs, outputs, output, labor, fixed costs
supply, curve, supplies, supplied, supplier, supplying, resupply, undersupply, unsupplied