Asked by Janell Cooper on May 29, 2024

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​A supply curve describes

A) ​the relationship between price and quantity demanded
B) the relationship between price and quantity supplied
C) the relationship between a group of buyers and sellers
D) ​none of the above

Supply Curve

A graph showing the relationship between product price and quantity of product that a seller is willing and able to supply.

Quantity Supplied

The amount of a certain good or service that producers are willing to supply at a given price.

  • Explain the relationship between price and quantity supplied and the formation of supply curves.
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Zybrea KnightJun 02, 2024
Final Answer :
B
Explanation :
A supply curve shows the relationship between price and the quantity supplied by producers in a market.