One Reason Supply Curves Have an Upward Slope Is Because

question 28

Multiple Choice

One reason supply curves have an upward slope is because

• A) a higher price brings a greater profit, so firms want to sell more of that good.
• B) increased supply will require increased technology.
• C) to have more of the good supplied requires more firms to open.
• D) people will pay a higher price when less is supplied.
• E) None of the above answers is correct because supply curves have a downward slope.

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Definitions:

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The parts of the respiratory system through which air flows, starting from the nose and mouth down to the lungs.

Intestine

A part of the gastrointestinal tract that digests food and absorbs nutrients into the body.

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Refers to the general health and functionality of the body's muscles, including their strength, endurance, and flexibility.

Improve Mobility

Efforts or practices aimed at enhancing the ability to move freely and easily.