In economics, the supply curve represents the relationship between the quantity of a good that producers are willing to supply and the price of that good. The quantity supplied is generally placed on the vertical axis (y-axis) and the price is placed on the horizontal axis (x-axis). Therefore, choice B is the correct answer.

Solved

On the Supply Curve

Question 100

Multiple Choice

On the supply curve:

A) quantity goes on the horizontal axis and price goes on the vertical axis.
B) quantity goes on the vertical axis and price goes on the horizontal axis.
C) Both quantity and price go on the horizontal axis.
D) It doesn't matter which axis price and quantity are placed on.

Correct Answer: