GENERAL KNOWLEDGE

Detailed explanation-1: -The supply curve will move upward from left to right, which expresses the law of supply : As the price of a given commodity increases, the quantity supplied increases (all else being equal).

Detailed explanation-2: -The supply curve is a visual representation of the law of supply, a microeconomic concept describing the relationship between the price of a product and a company’s willingness to make it. The supply curve slopes upward because as a product’s price rises, the business would tend to be more willing to make it.

Detailed explanation-3: -In most cases, the supply curve is drawn as a slope rising upward from left to right, since product price and quantity supplied are directly related (i.e., as the price of a commodity increases in the market, the amount supplied increases).

Detailed explanation-4: -Cars has an upward-sloping supply curve: we the price of cars increases, the quantity supplied increases.