Supply curve?help needed!!?

Question

i don't really understand the supply curve...
what is the meaning of the vertical axis and the horizontal axis of the supply curve?
does it means that a higher price is needed to produce a higher output?...therefore we as a company can supply more??
is the horizontal axis quantity supplied by us???
is the vertical axis reffering to the cost price??

i really need help on this....thank you

Answer 1

X-axis is the horizontal axis, while the Y-axis is the vertical axis.
Quantity Supplied is plotted on the horizontal axis, while Price is plotted on the vertical axis. A higher price means a higher quantity will be supplied. The supply curve is upward sloping, because
quantity supplied moves in the same direction as the price. When
the price increases, the quantity supplied increases. When the price
decreases, the quantity supplied decreases.

Answer 2

Hi the supply curve is a positively sloped curve which measure the relationship between the price of output and the quantity of output supplied. The vertical axis measures the price of output as the horizontal axis measures the quantity of output supplied by producers. All things being equal( when all other factors such as price of other commodities, technology etc are held constant) the higher the price of a commodity, the greater the quantity produced of the commodity.

Answer 3

The demand curve has a negative slope, (going down a hill) this is because for a lower price a cusumer is typically willing to buy more quantity.

The Supply curver has a positive slope, (going up hill), this is because for a higher price a suppllier is typically willing to sell more quantity

Answer 4

I am not well versed on the supply curve. I do know that as the supply increase, demand drops. Resulting in a drop of price. The primary aim of a manufacturer is to supply only enough to keep a drop in demand from causing a drop in price of goods sold.


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