The Positive Slope of a Supply Curve Indicates That

question 55

Multiple Choice

The positive slope of a supply curve indicates that

• A)as price goes up, quantity supplied will increase.
• B)as price goes up, quantity supplied will remain constant.
• C)as price goes up, quantity supplied will decrease.
• D)consumers will want to buy less at higher prices.
• E)if the costs of production increase, the quantity supplied will increase.

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Definitions:

Chromic Acid

An oxidizing agent made by dissolving chromium trioxide in water or by dissolving dichromate salts in sulfuric acid, used primarily in cleaning laboratory glassware and in certain oxidation reactions.

3° Alcohol

A tertiary alcohol where the hydroxyl (OH) group is attached to a carbon atom that is also attached to three other carbon atoms.

Yield

The amount of product produced in a chemical reaction relative to the theoretical maximum possible, often expressed as a percentage.

Ketone Product

A compound resulting from reactions involving ketones, typically characterized by the presence of a carbonyl group bonded to two carbon atoms.