The supply curve is a function that represents different combinations of prices and quantities. Those quantities, are the amounts that producers of a certain good or service are willing to manufacture and/or sell at each price level.
It is an upward-sloping function as, according to the law of supply, the higher the market price, the larger the number of units that producers are willing to supply in the market.
The treaty gave most of the Western Hemisphere to Spain . The pope was no longer the supreme religious and political authority in Europe. European nations stopped looking for new western routes
