This is a graphic representation of the quantity producers are willing to produce at different prices

supply curve

Explanation:

The number of quantity that will be displayed in the supply curve will be influenced by the Producers' perception of the profit that they can get from selling the products that each price level. The higher the potential profit, the more quantity that they are willing to put on the price level.

Producers tend to use supply curve to understand the amount of price That their competitors are willing to give. They will use this data in their marketing campaign and analyze the price level that receive the most responses from the customers.

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