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How is the supply curve different from the demand curve?The demand curve shows the quantities of a particular good or service that buyers will be willing and able to purchase at each price during a specified period. The supply curve shows the quantities that sellers will offer for sale at each price during that same period.
Why is the slope of supply curve different from that of demand curve?The slope of the demand curve (downward to the right) indicates that a greater quantity will be demanded when the price is lower. On the other hand, the slope of the supply curve (upward to the right) tells us that as the price goes up, producers are willing to produce more goods.
How does a supply curve differ from a demand curve and how is the difference related to increases in price quizlet?A Demand curve shows how demand of a good varies with changes in its price. A supply curve shows the price and quantity of a good that a seller is willing and able to supply. An extension of demand refers to the movement of the curve to the right (down the curve).
What does a supply and demand graph show?A supply and demand curve is a graph that represents the relationship between how much of a product is available to a market and how much the consumers in a market want the product. The two lines of the graph illustrate the relationship between price and demand for these two factors.
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How is a supply curve on a graph different from the demand curve on a graph?
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