In general, the supply curve for a natural resource
A)is vertical.
B)is horizontal.
C)slopes downward to reflect decreasing available quantities over time.
D)slopes upward.

Question

Quizplus · Accepted Answer

The supply curve for a natural resource typically slopes upward because as the price increases, it becomes more profitable to extract and supply more of the resource, despite increasing extraction costs.

In General, the Supply Curve for a Natural Resource