For the supply equations, where x is the quantity supplied in units of a thousand and p is the unit price in dollars, sketch the supply curve.
A)
B)
C)
D)
E)

Question

For the supply equations, where x is the quantity supplied in units of a thousand and p is the unit price in dollars, sketch the supply curve. ​  ​
A) ​ 
B) ​ 
C) ​ 
D) ​ 
E) ​

Quizplus · Accepted Answer

The supply curve shows the relationship between price and quantity supplied. As price increases, the quantity supplied also increases. The graph in choice C shows a positive slope, indicating that as the price increases, the quantity supplied also increases. Choices A, B, D, and E do not show this relationship and are therefore incorrect.

For the Supply Equations, Where X Is the Quantity Supplied