The supply curve shows
A)the same basic information as the demand curve.
B)who will have an opportunity to produce or purchase an item.
C)the quantity produced as a function of the price.
D)plots of what quantities have been sold over the past few weeks or months.

Question

Quizplus · Accepted Answer

The supply curve shows the quantity that will be produced as a function of the price. It does not show the same information as the demand curve, which shows the quantity that buyers are willing to purchase as a function of the price. The supply curve also does not show who will have an opportunity to produce or purchase an item. Additionally, it does not show plots of what quantities have been sold over the past few weeks or months.

The Supply Curve Shows