πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    Question

    The Supply Curve shows relation between which of the

    following?
    A Quantity and Price Correct Answer Incorrect Answer
    B Quality and Price Correct Answer Incorrect Answer
    C Demand and Price Correct Answer Incorrect Answer
    D Demand and Quality Correct Answer Incorrect Answer

    Solution

    β€’ The Supply Curve in economics represents the direct relationship between the quantity of a good supplied and its price. β€’ When the price increases, the quantity supplied increases, and vice versa. β€’ Other options relate to demand, quality, or consumer preferences, which are different concepts.

    Practice Next
    ask-question