Supply curves generally slope upward because of all of the following reasons except one.Which is the exception?

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Quizplus · Accepted Answer

This statement is not accurate. The upward slope of the supply curve is a result of the positive relationship between price and quantity supplied. As the price increases, producers have a greater incentive to sell more, and resources are attracted from less-valued uses. Additionally, producers must be compensated for the rising opportunity cost of additional output. The price of a good does not usually need to fall to induce an increase in quantity supplied. Instead, a higher price motivates producers to increase production and offer more of a good.

Supply Curves Generally Slope Upward Because of All of the Following