Whst do the points on a market supply curve represent?

The points on a market supply curve represent the price of a good or service with a corresponding quantity of the good or service supplied.

Explanation:

The supply curve is a graphical representation of the quantity of goods supplied at a particular price. The price of the good or service is plotted on the vertical axis, while the quantity of the goods and services are plotted on the vertical axis.

The price and the quantity of goods or services provided have a relationship. This can be further explained as; an increase in the price of a good or service will cause an increase in the supply of that particular good or service. This is because an increase in the price of a good or service attracts other suppliers or even the original suppliers might increase their supplies themselves since it would be more profitable. In this way, an increase in the price of a good or service causes an increase in the supply of that particular good or service.

The points on the market supply curve gives the price per unit of the corresponding quantity of the goods or services supplied.

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