A supply curve:

Question

A supply curve:

Quizplus · Accepted Answer

A supply curve illustrates the positive relationship between price and quantity supplied. As the price of a good or service increases, the quantity supplied by producers also increases. This is because producers have a greater incentive to produce and sell the good or service at higher prices, resulting in a higher quantity supplied. Therefore, a supply curve has a positive slope. Choices A and C have incorrect descriptions of a supply curve. Choice B is not directly related to the definition of a supply curve.

A Supply Curve