Answer
The supply schedule is a table that shows the quantity supplied at each price. This supply curve, which graphs the supply schedule, illustrates how the quantity supplied
of the good changes as its price varies. Because a higher price increases the quantity supplied, the supply curve slopes upward.
Work Step by Step
Note that: The supply curve shows how the quantity of a good supplied depends on the price. According to the law of supply, as the price of a good rises, the quantity supplied rises. Therefore, the supply curve slopes upward.
