Supply Analysis — Economics STD 12 Commerce / Arts — Question

1. Demand curve is the graphical representation of a given demand schedule.
2. The demand curve slopes downward from left to right.
3. The demand curve has a negative slope as price and demand are inversely related.
4. The demand curve indicates the consumer’s behaviour in response to change in its price.
   
   

Supply Curve:

1. Supply curve is a graphical representation of a given supply schedule.
2. The supply curve slopes upward from left to right.
3. The supply curve has a positive slope as price and supply are directly related.
4. The supply curve indicates the seller’s behaviour in response to change in its price.