The supply curve illustrates that firms:
A)increase the supply of a good when its price rises.
B)increase the quantity supplied of a good when its price rises.
C)decrease the quantity supplied of a good when input prices rise.
D)decrease the supply of a good when its price rises.

Question

Quizplus · Accepted Answer

The supple curve is upward sloping, reflecting the fact that as price rises, so does the quantity supplied.

The Supply Curve Illustrates That Firms