Sellers tend to offer _______ for sale as price increases, and so the supply curve is ______ sloping.

Name: Sellers tend to offer _______ for sale as price increases, and so the supply curve is ______ sloping.
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Question

Quizplus · Accepted Answer

As price increases, sellers have an incentive to produce more and offer more for sale in order to increase their profits. This results in a supply curve that slopes upward, meaning that as price increases, quantity supplied also increases. Therefore, choice D is the correct answer.

Sellers Tend to Offer _______ for Sale as Price Increases