BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The supply curve demonstrates the relationship between a good’s price and the quantity producers are willing and able to supply. The upward sloping line demonstrates this direct relationship: as the price rises, the quantity supplied increases; as price decreases, quantity supplied decreases.

Detailed explanation-2: -The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time.

Detailed explanation-3: -Demand Curve-a diagram showing the relationship between the price of a good and the quantity demanded per period of time, other things equal. Market Demand-the sum of the quantities demanded of all the consumers in the market at given alternative prices per period of time, other things equal.

Detailed explanation-4: -A supply curve is a graph that shows how a change in the price of a good or service affects the quantity a seller supplies. Price is listed on the vertical y-axis, while quantity supplied is listed on the horizontal x-axis.

Detailed explanation-5: -supply curve, in economics, graphic representation of the relationship between product price and quantity of product that a seller is willing and able to supply. Product price is measured on the vertical axis of the graph and quantity of product supplied on the horizontal axis.