The supply curve shows the relationship between the
A) cost of production and the price of the product.
B) cost of resources and cost of production.
C) price of the product and quantity supplied.
D) quantity demanded and the quantity supplied.

Question

Quizplus · Accepted Answer

The supply curve shows how much of a product a producer is willing and able to supply to the market at different prices. It illustrates the direct relationship between the price of the product and the quantity of the product that suppliers are willing to produce and supply. It does not show the cost of production or resources used in producing the product, nor does it directly relate to the demand for the product.

The Supply Curve Shows the Relationship Between the