GENERAL KNOWLEDGE

Detailed explanation-1: -Supply Curve-a diagram showing the relationship between the price of a good and the quantity supplied per period of time, other things equal. Market Supply-the sum of the quantities supplied of all the producers in the market at given alternative prices per period of time, other things equal.

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. In a typical representation, the price will appear on the left vertical axis, the quantity demanded on the horizontal axis.

Detailed explanation-3: -The supply curve is a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period. In a typical illustration, the price will appear on the left vertical axis, while the quantity supplied will appear on the horizontal axis.

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.