The supply curve for oil shows:
the quantity of oil supplied at different prices of oil. the supply of oil when there is a surplus or shortage. the quantity of oil supplied at different income levels. the supply of oil at different prices of other goods.
The supply curve for oil shows the quantity of oil supplied at different prices of oil.
In economics, a supply curve typically illustrates the relationship between the price of a good and the quantity of that good that producers are willing to supply. As the price of oil increases, producers are generally willing to supply more oil, which is reflected in an upward-sloping supply