A supply curve shows the marginal
A) benefit consumers receive from consuming a good.
B) profit businesses earn from selling a good.
C) cost of producing the good.
D) price paid for a good.
E) benefit sellers receive from selling a good.

Question

Quizplus · Accepted Answer

A supply curve shows the cost of producing a good, not the benefits or profits. It illustrates the relationship between the price of a good and the quantity that sellers are willing and able to produce and sell, based on the production costs.

A Supply Curve Shows the Marginal