The line that relates the price of a good and the quantity supplied of that good is called the

Name: The line that relates the price of a good and the quantity supplied of that good is called the
Brand: Quizplus
Rating: 4.8 (58 reviews)

Question

Quizplus · Accepted Answer

The line that relates the price of a good and the quantity supplied of that good is called the supply curve, and it usually slopes upward. This is because as the price of a good increases, producers are willing to supply more of that good to the market due to the increased profit incentive.

The Line That Relates the Price of a Good and the Quantity