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What is the usual shape of the supply curve?

J

Jessica

Shape of Supply Curve

A supply curve typically slopes upward, though its shape can vary depending on elasticity. This means that as the price of a good or service rises, the quantity supplied also increases. For a clearer understanding, refer to the image below, which provides a visual representation of the supply curve.

Usual Shape of the Supply Curve

graph of shape of supply curve_1
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