The figure given below shows the demand [D and D'] and supply [S and S'] curves of shares of stock.Figure 17.2

-For resources with upward-sloping supply curves:

Question

The figure given below shows the demand [D and D'] and supply [S and S'] curves of shares of stock.Figure 17.2
 
-For resources with upward-sloping supply curves:

Quizplus · Accepted Answer

Upward-sloping supply curves indicate that additional units of a good can only be produced at higher costs. As a result, the earnings of producers will consist of both transfer earnings (the minimum amount necessary to keep the producer in the market) and economic rent (the additional amount earned above and beyond the transfer earnings). Therefore, choice B is the best answer.

The Figure Given Below Shows the Demand [D and D']