Question

A firm's short-run supply curve shows the relationship between blank on the vertical axis and the...

A firm's short-run supply curve shows the relationship between blank on the vertical axis and the blank on the horizontal axis.

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Answer #1

A firm's short-run supply curve indicates the various amount of a good that the firm is inclined to supply at various prices of the good in the short-run.

Short-run supply curve of a firm is upward sloping which indicates that a firm will increase the quantity supplied as the price increases.

Price is always taken on the vertical axis and quantity is always taken in horizontal axis.

So,

A firm's short-run supply curve shows the relationship between Price on the vertical axis and the Quantity on the horizontal axis.

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