Create a supply curve. In one or two sentences, explain how quantity supplied and price are related in your example.

Question

Social Studies

Cayden Coleman

27 November, 15:57

Create a supply curve. In one or two sentences, explain how quantity supplied and price are related in your example.

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Answers (2)

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Kamryn · Answer 1

As the quantity supplied goes up, the price goes up, to increase profits. As the quantity goes down, the price stays high, to maintain profits. Eventually, if the quantity stays high, the price goes down to maintain sales.

Lyla Brady · Answer 2

The price rises when the quality rises, because the quality of the product depends on the quality of the feedstock.