Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue

Exercise 15

Supply curve S :
A) reflects an inverse (negative) relationship between price and quantity supplied.
B) reflects a direct (positive) relationship between price and quantity supplied.
C) depicts the collective behavior of buyers in this market.
D) shows that producers will offer more of a product for sale at a low product price than at a high product price.