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LSDefine

Simple English definitions for legal terms

supply curve

Read a random definition: causam nobis significes quare

A quick definition of supply curve:

A supply curve is a line on a graph that shows how much of a product a seller is willing to sell at different prices. It helps us understand how the quantity of a product changes as its price changes.

A more thorough explanation:

A supply curve is a graphical representation of the relationship between the price of a good and the quantity of that good that producers are willing to supply. It is a line on a price-output graph that shows the quantity of a good that will be supplied at a given price.

For example, let's say that the price of a gallon of milk is $3.00. At this price, dairy farmers are willing to supply 10,000 gallons of milk to the market. If the price of milk were to increase to $4.00, the supply curve would shift to the right, indicating that dairy farmers are willing to supply more milk at the higher price.

The supply curve is upward sloping, which means that as the price of a good increases, the quantity supplied also increases. This is because producers are motivated to supply more of a good when they can earn a higher profit.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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