Answered

The supply curve slopes up and to the right because:
a) The supply curve actually slopes down and to the right.
â—‹ b)
c)
d)
due to efficiencies, producers feel that people will buy more if they charge a
higher price.
due to constant opportunity costs, producers feel that people will buy more if
they charge a higher price.
due to increasing opportunity costs, producers must charge more to produce
more in order to cover their costs.



Answer :

GinnyAnswer

Final answer:

The supply curve slopes up due to firms entering the market and increasing production as prices rise, indicating a positive relationship between price and quantity supplied.


Explanation:

The supply curve slopes up for two main reasons:

  1. As price increases, more firms enter the market and existing firms increase production.
  2. When a firm's profits rise or production costs decrease, it's motivated to produce more, leading to a larger quantity supplied at each price level.

This upward slope reflects the relationship between price and quantity supplied in the market, impacted by factors like input prices, technology changes, or the entry of new firms.


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