Wasson Widget Company is contemplating the production and sale of a new widget. Projected sales are $300,000 (or 75,000 units) a
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Answer:
Price
Quantity supplied
Explanation:
The supply curve plots price on the vertical axis and quantity supplied on the horizontal axis.
The supply curve is upward sloping. This indicates the law of supply which says, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
