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Supply Curve
A graphical representation showing the relationship between the price of a good or service and the amount of it that producers are willing and able to supply at various prices.
Increase In Supply
A situation where the quantity of a good that producers are willing and able to sell at a particular price rises.
Quantity Supplied
In economics, refers to the total amount of goods or services that producers are willing and able to sell at a given price within a specific time period.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a specific price, at a given moment.
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