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  • 18-11-2019
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What do the different points along a supply curve show?

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fernandoalonsoc
fernandoalonsoc fernandoalonsoc
  • 18-11-2019

Answer:

The different points along a supply curve depict the trade-off between quantity produced at each level of price (see image).

Explanation:

The relationship between price and supply is direct, this means that an increase in the price of a good or service leads to an increase in the quantity offered of this good or service.

Any given point along the curve shows the relationship between units supplied at a given level of price.

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