Supply curves are generally _______ sloping because _______________.
A)downward; more consumers will buy the good if the price falls.
B)upward; of the principle of increasing opportunity costs.
C)downward; it is less expensive to mass-produce goods.
D)upward; of inflation.

Question

Quizplus · Accepted Answer

Supply curves are generally upward sloping because as the price of a good increases, producers are willing to supply more of it due to the principle of increasing opportunity costs.

Supply Curves Are Generally _______ Sloping Because _______________

Supply Curves Are Generally _ Sloping Because _________