The supply curve shows the relationship between: a. total business revenue and quantity supplied. b. physical input of resources and resulting units of output. c. production costs and quantity demanded. d. price and quantity supplied.
Business · High School · Thu Feb 04 2021
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Answer: d. price and quantity supplied.
The supply curve is a graphical representation that shows the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to supply to the market. As the price of a good increases, the quantity supplied generally increases, and vice versa. This is because higher prices can make it more profitable for producers to produce and sell more, while lower prices may not cover the costs of production, leading producers to supply less.