In the Context of Fundamental Principles of a Free Market

Multiple Choice

In the context of fundamental principles of a free market system, which of the following statements is true of a supply curve?

A) It shows the relationship between price and quantity from a supplier standpoint.
B) It refers to the point where the supply of products starts exceeding demand due to excessive production.
C) It shows the relationship between price and quantity from a buyer standpoint.
D) It refers to the point where the supply of products is no longer possible due to exhaustion of resources.