Which of the following is NOT true of a supply curve?
A) It relates the price of an item to the quantity supplied of that item.
B) It shows the amount producers are willing and able to produce at various prices,holding other factors constant.
C) It has a positive slope.
D) It shows that producers tend to produce more of a good as its price rises.
E) It relates the price of an item to the demand for that item.

Question

Quizplus · Accepted Answer

The supply curve does not relate the price of an item to the demand for that item. It only shows the quantity supplied at various prices, holding other factors constant.

Which of the Following Is NOT True of a Supply