Each point on the supply curve represents___________.a. the lowest price buyers will pay for another unit of the good.b. the highest price buyers will pay for another unit of the good.c. the highest price sellers can get from selling another unit of the good.d. the lowest price for which sellers can profitably sell another unit of the good.

Respuesta :

Answer:

Option (c) is correct.

Explanation:

Supply curve is a graphical representation of the relationship between price and quantity demanded for a good. It is upward sloping. It normally follows the law of supply, the law of supply principle states that there is a positive relationship between the price of the good and quantity demanded for that good.

This means that if there is an increase in the price of the commodity then as a result the quantity supplied also increases.

Hence,

Higher price will be charged for the higher quantity supplied.