Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / The supply curve illustrates: a

The supply curve illustrates: a

Economics

The supply curve illustrates:

a. the difference between the current supply of a good or service and the potential supply producers are capable of producing.

b. the difference between the current demand of a good or service and the potential demand consumers could purchase.

c. the various quantities of a good or service producers are willing to supply at alternative prices.

d. the various quantities of a good or service consumers will purchase at alternative prices.

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

The correct option is C: the various quantities of a good or service producers are willing to supply at alternative prices.

 

  • Option A is False because the supply curve shows the relationship between quantity and price, not the current supply of a good or service and the potential supply
  • Option B is False because the supply curve implicates the supply side (Producers), not the demand side (Consumers)
  • Similarly, option D is False because the supply curve implicates the supply side (Producers), not the demand side (Consumers)