Assume that Aline,Bentley,Calvin,and Daniel are the only sellers in this market.
-Refer to Exhibit 3-12.Each individual seller's supply curve is ________________ sloping and the market supply curve is _________________ sloping.
A) upward; also upward
B) downward; also downward
C) upward; downward
D) downward; upward

Question

Assume that Aline,Bentley,Calvin,and Daniel are the only sellers in this market.
-Refer to Exhibit 3-12.Each individual seller's supply curve is ________________ sloping and the market supply curve is _________________ sloping.
A) upward; also upward 
B) downward; also downward 
C) upward; downward 
D) downward; upward

Quizplus · Accepted Answer

Individual seller's supply curves and the market supply curve are both upward sloping because as prices increase, the quantity supplied also increases, reflecting the law of supply.

Assume That Aline,Bentley,Calvin,and Daniel Are the Only Sellers in This