ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -What kind of graph shows how much a good or service an individual is willing and able to offer for sale at each price? Supply curve since it shows how much a good or service an individual producer is willing and able to offer for sale at each price.

Detailed explanation-2: -Supply-a schedule or a curve showing the amounts of a product a producer is willing and able to produce and make available for sale at each of a series of possible prices during a specific period of time.

Detailed explanation-3: -1. Economists define supply as the quantity of a good or service that producers are willing and able to offer for sale at each possible price during a given time period.

Detailed explanation-4: -A supply curve is a graph that shows the relationship between price and supply.

Detailed explanation-5: -Supply and demand curves are graphs representing this relationship between price and quantity in supply and demand. On the y-axis of the graph, you plot price. On the x-axis, you plot quantity. A supply curve visually demonstrates the law of supply, that as prices increase, quantity increases.