单词 | regressive supply curve |
释义 | regressive supply curveDefinition Graph curve that slopes upwards to the left of the chart, showing the unusual situation where the amount of a product (good or service) supplied decreases with the increase in its price. These curves are never found over a whole range of prices, but can occur over a part of the range such as in supply of labor where an increase in wages may result in a lower-availability of paying jobs. |
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