Which of the following statements concerning the slope of market supply is false?
A)Market supply usually gets steeper as output increases.
B)The slope of a market supply curve depends on the slopes of individual marginal cost curves.
C)The steeper marginal cost curves are for individual firms, the steeper market supply will be.
D)The slope of market supply is somewhat dependent on the shape of the market demand curve.
E)Individual marginal cost curves have positive slopes, and so does market supply.

Question

Quizplus · Accepted Answer

The slope of the market supply curve is determined by the marginal costs of production for firms within the market, not by the shape of the market demand curve. Demand curves affect the quantity supplied at different price levels but do not directly influence the slope of the supply curve.

Which of the Following Statements Concerning the Slope of Market