Respuesta :
Supply curves are created when: the data from a supply schedule is graphed.
What are supply curves ?
The supply curve illustrates the relationship between the price of an item or service and the volume delivered over a specific time period. In a typical scenario, the amount delivered will be shown on the horizontal axis and the price will be shown on the left vertical axis.
- On the majority of supply curves, as a good's price rises, so does the amount provided.
- Supply curves may frequently predict whether a commodity's price will rise or fall in response to demand, and vice versa.
- For items with greater elastic supply, the supply curve is shallower (near to horizontal), whereas for products with less elastic supply, the supply curve is steeper (closer to vertical).
- The two main tenets of the law of supply and demand are the supply curve and the demand curve.
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