Which of the following is a difference between the supply curve and the demand curve?
A) The supply curve maps price on the y-axis, whereas the demand curve maps quantity on the y-axis.
B) Unlike the demand curve, the supply curve for most goods and services slopes downward as it moves to the right.
C) The supply curve maps quantity on the x-axis, whereas the demand curve maps price on the x-axis.
D) Unlike the supply curve, the demand curve for most goods and services slopes downward as it moves to the right.

Question

Quizplus · Accepted Answer

The demand curve typically slopes downward from left to right, indicating that as price decreases, quantity demanded increases. In contrast, the supply curve usually slopes upward, indicating that as price increases, quantity supplied increases.

Which of the Following Is a Difference Between the Supply