supply curve — noun (economics) A graph showing the quantity of a product that producers will offer for sale at different prices • • • Main Entry: ↑supply … Useful english dictionary
supply curve — graph depicting the proposed amount of a product as a function of its price (Economics) … English contemporary dictionary
Backward bending supply curve of labour — This supply curve shows how the change in real wage rates affects the amount of hours worked by employees.Referring to the graph, if real wages were to increase from W1 to W2 then the worker will obtain a greater utility, due to their higher… … Wikipedia
backward-sloping supply curve for labour — The preference for increased leisure over increased remuneration. Thus, when wage incentives are offered to improve productivity , labourers respond by working shorter hours to earn the same money rather than harder or longer to earn more money.… … Dictionary of sociology
Supply and demand — For other uses, see Supply and demand (disambiguation). The price P of a product is determined by a balance between production at each price (supply S) and the desires of those with purchasing power at each price (demand D). The diagram shows a… … Wikipedia
Supply shock — A supply shock is an event that suddenly changes the price of a commodity or service. It may be caused by a sudden increase or decrease in the supply of a particular good. This sudden change affects the equilibrium price. A negative supply shock… … Wikipedia
curve — curve1 W3S3 [kə:v US kə:rv] n 1.) a line that gradually bends like part of a circle curve of ▪ the curve of her hips ▪ a sweeping curve of railroad track 2.) a line on a ↑graph that gradually bends and represents a change in the amount or level… … Dictionary of contemporary English
Supply Shock — An unexpected event that changes the supply of a product or commodity, resulting in a sudden change in its price. Supply shocks can be negative (decreased supply) or positive (increased supply); however, they are almost always negative and rarely … Investment dictionary
Supply-side economics — is an arguably heterodox school of macroeconomic thought that argues that economic growth can be most effectively created using incentives for people to produce (supply) goods and services, such as adjusting income tax and capital gains tax rates … Wikipedia
supply and demand — Relationship between the quantity of a commodity that producers have available for sale and the quantity that consumers are willing and able to buy. Demand depends on the price of the commodity, the prices of related commodities, and consumers… … Universalium
