The supply curve, SS, shows the amount of a goods buyers are willing to purchase on a certain day.

Question

Quizplus · Accepted Answer

The statement is incorrect. The supply curve, SS, shows the amount of a good that suppliers are willing to produce and sell at a certain price level, not the amount of goods that buyers are willing to purchase. The demand curve, DD, shows the amount of a good that buyers are willing to purchase at a certain price level.

The Supply Curve, SS, Shows the Amount of a Goods