A supply curve indicates the relationship between ___ and the quantity supplied.
A)price
B)demand
C)supply
D)utility

Question

Quizplus · Accepted Answer

A supply curve shows the relationship between price and the quantity supplied. As the price of a good or service increases, the quantity supplied also increases, and as the price decreases, the quantity supplied decreases. The supply curve is upward sloping because of the law of supply, which states that producers are willing to supply more of a good or service at higher prices, as they can earn more revenue and profit.

A Supply Curve Indicates the Relationship Between ___ and the Quantity