Question

10. How does a supply curve illustrate the law of supply?
It is a vertical line.
a
It is a horizontal line.
It always rises from left to right.
It always rises from right to left.

Answer 1

Answer:

The supply curve (S) is created by graphing the points from the supply schedule and then connecting them. The upward slope of the supply curve illustrates the law of supply—that a higher price leads to a higher quantity supplied, and vice versa.

Explanation:

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