A(n)________ shows how many of a given product will be supplied at different prices.
A) demand curve
B) supply curve
C) quantity demanded
D) equilibrium price

Question

Quizplus · Accepted Answer

A supply curve shows the relationship between the quantity of a good supplied by producers and the price of the good, indicating how many units of the good will be supplied at different prices. A demand curve, on the other hand, shows the relationship between the quantity of a good demanded by consumers and the price of the good. Quantity demanded refers to how much of a good or service is demanded at a specific price, while equilibrium price is the price at which quantity demanded equals quantity supplied.

A(n)________ Shows How Many of a Given Product Will Be