A supply curve slopes upwards because
A)the higher the price the lower the quantity that the sellers are willing to supply
B)the higher the price the higher the quantity that the sellers are willing to supply
C)the quantity supplied in insensitive to price
D)an increase in price brings the quantity sold down to zero

Question

​A supply curve slopes upwards because
A)​the higher the price the lower the quantity that the sellers are willing to supply
B)the higher the price the higher the quantity that the sellers are willing to supply
C)the quantity supplied in insensitive to price
D)​an increase in price brings the quantity sold down to zero

Quizplus · Accepted Answer

The law of supply states that as the price of a good increases, the quantity supplied by producers also increases. This is because producers are incentivized to sell more of a product as the price increases, leading to a positively sloped supply curve.

​A Supply Curve Slopes Upwards Because

A Supply Curve Slopes Upwards Because