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

Question

Logan Li

Social Studies

1 October, 04:38

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

+5

Answers (2)

Know the Answer?

Karlie Bush · 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.

Audrina Foster · Answer 2

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