A typical supply curve shows that an increase in the price of a good will cause producers to decrease the quantity they supply.

Name: A typical supply curve shows that an increase in the price of a good will cause producers to decrease the quantity they supply.
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A typical supply curve shows that as the price of a good increases, producers are willing to supply more of the good, not less. This is because as the price increases, it becomes more profitable for producers to supply that good.

A Typical Supply Curve Shows That an Increase in the Price