The supply curve shows the relationship between:

Question

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The supply curve shows the relationship between price and quantity supplied, with price as the independent variable on the vertical axis. This means that as the price of a good increases, the quantity supplied of that good will also increase, as producers are willing and able to supply more at higher prices. Conversely, as the price of a good decreases, the quantity supplied will decrease, as producers have less incentive to produce and sell at lower prices. The supply curve does not directly show the relationship between production costs or labour and the quantity supplied, although these factors may indirectly influence the position of the supply curve.

The Supply Curve Shows the Relationship Between