ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A supply curve is a graph that shows the quantity supplied at each price. Sometimes the supply curve is called a supply schedule because it is a graphical representation of the supply schedule.

Detailed explanation-2: -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-3: -Quantity Supplied Under Regular Market Conditions On the supply and demand graphs, quantity is in on the x-axis and demand on the y-axis. The supply curve is upward-sloping because producers are willing to supply more of a good at a higher price.

Detailed explanation-4: -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.

Detailed explanation-5: -The price-quantity combinations may be plotted on a curve, known as a demand curve, with price represented on the vertical axis and quantity represented on the horizontal axis.