Q.Examine the correctness of the following statement. Correct it if necessary, without changing the portion underlined : Supply curve shows the inverse relationship between price and quantity supplied. (underlined: Supply curve shows the; relationship between price and quantity / supplied)

Supply is the quantity a seller is willing and able to offer for sale at a given price in a given period — distinct from mere stock. The Law of Supply states that, other things equal, quantity supplied varies directly with the good's own price, producing an upward-sloping supply curve, because a higher price raises profit per unit, justifies higher-cost output and attracts new firms. A change in the good's own price causes a movement along the …