Card 1 of 23
Under the law of supply, how do price and quantity supplied move?
A
They move in the same direction, other things equal.
B
A supply curve slopes upwards because price and quantity supplied move in the same direction.
C
The vertical axis.
D
4,900 litres a day.
Card 1 of 23
2.3.3 Explain a supply curve Flashcards
23 flashcards on OCR GCSE Economics 2.3.3 Explain a supply curve: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.