Supply Curves Generally Slope Upward Because of All of the Following

question 165

Multiple Choice

Supply curves generally slope upward because of all of the following reasons except one.Which is the exception?

• A)Producers are willing to offer more of a good at higher prices.
• B)A higher price attracts resources from less-valued uses.
• C)Producers must be compensated for the rising opportunity cost of additional output.
• D)Producers have a greater incentive to sell more as the price increases.
• E)The price of a good usually must fall to induce an increase in quantity supplied.

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Definitions:

Reactive Processes

Processes that are initiated in response to specific situations or changes, rather than being pre-planned or proactive.

Supply Chain

The entire network of entities, directly or indirectly interlinked and interdependent, involved in producing and delivering a product or service from suppliers to the end consumer.

Major Components

The primary elements or parts that make up a product or system, critical for its operation or functionality.

Overall Goal

The primary, overarching aim or objective that an organization or individual strives to achieve, guiding decision-making and strategy formulation.