Question

A supply curve reveals: the quantity of output that producers are willing to produce and sell at each possible market price. the quantity of output consumers are willing to purchase at each possible market price. the difference between quantity demanded and quantity supplied at each price. the maximum level of output an industry can produce, regardless of price.

Answer 1

The answer is A.

Step-by-step explanation:

Supply curve tells us the quantity of products that sellers are willing and able to sell at a certain price at a particular point in time.

This is in contrast with demand curve which shows the quantity of products that buyers are willing and able to buy at a certain price at a particular point in time.

The supply curve slopes upward which means a producer will be willing to increase its production as the price of the product increases.