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 an increase in the price of a good will cause producers to increase the quantity they supply, not decrease it. This is because as the price of a good increases, producers have more incentive to produce and sell more of it in order to earn higher profits.

A Typical Supply Curve Shows That an Increase in the Price