A supply curve shows the relationship between the:
A) price of a product and the quantity that customers are willing to buy
B) price of a product and the quantity that producers are willing to sell
C) income of consumers and the quantity of a product that consumers are willing to buy
D) income of consumers and the quantity of a product that producers are willing to sell

Question

Quizplus · Accepted Answer

A supply curve shows the relationship between the price of a product and the quantity that producers are willing to sell. It is based on the producer's cost of production and the profit they can make from selling a certain quantity at a particular price.

A Supply Curve Shows the Relationship Between The