Why Is the Market Supply Curve Positively Sloped

question 159

Multiple Choice

Why is the market supply curve positively sloped?

• A) At a higher price, more firms enter the market willing to sell the product or service.
• B) At a higher price, fewer firms enter the market willing to sell the product or service.
• C) At a higher price, the firms already in the market and are willing to sell a larger quantity of the product or service.
• D) Both A and C are correct.

---

Definitions:

Collect Data

The process of gathering information or measurements from various sources for the purpose of analysis.

Patient Situation

The overall health condition and context involving a patient, including medical history, current health, and the environment of care.

Risk Taking

The act of undertaking actions that involve danger or risk in order to achieve a goal.