supply function



  • The mathematical function explaining the quantity supplied in terms of its various determinants, including price; thus the algebraic representation of the supply curve.

Health Economics

  • (written as Supply Function)
    The supply function is a mathematical representation of the rate of supply as the dependent variable and its various determinants. The supply curve is a two-dimensional representation of a supply function, with supply shown as a function of price (ceteris paribus). On the supply of labour see, e.g.