The supply curve is a line that reflects the relationship between price and quantity supplied.

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16-08-2022
Business

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The supply curve is a line that reflects the relationship between price and quantity supplied.

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Tutorconsortium361 Tutorconsortium361 · Answer 1 · 2022-08-19T22:21:07-04:00

The supply curve represents the relationship between the price of a good and the quantity of this good that producers are willing to supply into the market.

What is supply curve?

Supply in economics refers to the amount of a resource that firms, producers, laborers, financial asset providers, or other economic agents are willing and able to deliver to the market or to an individual. Supply can be in the form of manufactured items, labor time, raw resources, or any other rare or valued item.

The current cost of supplies (CCS) is an adjusted net income number that takes into account changes in corporate expenses across the reporting period.

Supply curves are a crucial tool for comprehending the law of supply. They depict graphically how, as the price of an item or service rises, producers increase the quantity they supply.

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The supply curve is a ________ line that reflects the ________ relationship between price and quantity supplied.

Answer :

What is supply curve?

Other Questions

The supply curve is a line that reflects the relationship between price and quantity supplied.