Supply curve

This article is about a plot with unit price on the vertical axis, and a quantity (dependent upon the unit price) on the horizontal axis.
View other price-quantity curves

Definition

The supply curve for a good is defined with the following in the background:

• The specific good.
• A unit for measuring the quantity of that.
• A unit for measuring price.
• A convention on whether sales taxes are included in the stated price.
• A certain set of economic actors who are the potential sellers of that good.
• A time frame within which the supply is measured.
• An economic backdrop that includes all the determinants of supply other than the unit price of that good.