The supply curve for a productive resource wherein price provides an incentive function is
A)vertical.
B)horizontal.
C)upward sloping to the right.
D)downward sloping to the right.Accessibility: Keyboard Navigation Blooms: Understand

Question

Quizplus · Accepted Answer

The supply curve for a productive resource is typically upward sloping to the right because as the price increases, suppliers are willing to provide more of the resource, reflecting the incentive function of price.

The Supply Curve for a Productive Resource Wherein Price Provides