The supply curve depicts a positive relationship between a ﬁrm's willingness to supply a product and the price of the product.

Question

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The supply curve is upward sloping, indicating that as the price of a product increases, the quantity supplied by a firm also increases. This reflects the fact that firms are generally more willing to supply a product at a higher price, as it allows them to earn higher profits.

The Supply Curve Depicts a Positive Relationship Between a ﬁRm's