Solved

One Reason That Supply Curves Display Positive Slope Is That

Question 24

Multiple Choice

One reason that supply curves display positive slope is that:


A) expanded production may require the use of superior resources.
B) people are not willing to pay a higher price for more goods.
C) expanded industry output might cause a labor shortage and subsequently increase the wage rate included in the cost of production.
D) extra production brings in the more efficient, lower-cost producers.
E) the law of diminishing returns is important to producers.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents