Exhibit 3-12 ---------------------------------------------------Quantity Supplied --------------------------------------------
Assume that Aline, Bentley, Calvin, and Daniel are the only sellers in this market.
Refer to Exhibit 3-12. Each individual seller's supply curve is ________________ sloping and the market supply curve is _________________ sloping.
A)upward; also upward
B)downward; also downward
C)upward; downward
D)downward; upward

Question

Exhibit 3-12 ---------------------------------------------------Quantity Supplied --------------------------------------------
 Assume that Aline, Bentley, Calvin, and Daniel are the only sellers in this market.
Refer to Exhibit 3-12.  Each individual seller's supply curve is ________________ sloping and the market supply curve is _________________ sloping.
A)upward; also upward 
B)downward; also downward 
C)upward; downward 
D)downward; upward

Quizplus · Accepted Answer

The Answer of Exhibit 3-12 ---------------------------------------------------Quantity Supplied --------------------------------------------
 Assume that Aline, Bentley, Calvin, and Daniel are the only sellers in this market.
Refer to Exhibit 3-12.  Each individual seller's supply curve is ________________ sloping and the market supply curve is _________________ sloping.
A)upward; also upward 
B)downward; also downward 
C)upward; downward 
D)downward; upward