The supply curve for watches
A)shows the supply of watches consumers are willing and able to buy at any given price.
B)is downward sloping.
C)shows the relationship between the quantity of watches firms are willing and able to supply and the quantity of watches consumers are willing and able to purchase.
D)shows the relationship between the price of watches and the quantity of watches supplied.

Question

Quizplus · Accepted Answer

The supply curve for watches shows the relationship between the price of watches and the quantity of watches supplied. As the price of watches increases, the quantity of watches supplied also increases. This is because firms are willing and able to produce more watches at a higher price, increasing the quantity supplied. Therefore, the correct answer is D.

The Supply Curve for Watches