Supply Curve

What is a Supply Curve?

A supply curve is a graphical representation, that shows the relationship between the price and quantity of the supply.

In a typical illustration, the price will appear on the left vertical axis, while the quantity supplied will appear on the horizontal axis.

It is a curve that relates different quantities of goods and services supplied at different prices. 

The supply curve slopes upward from left to right, which expresses the law of supply: As the price of a given commodity increases, the quantity supplied increases (all things being equal).