A Supply Curve Slopes Upward Because

question 95

Multiple Choice

A supply curve slopes upward because

• A)as more is produced,total cost of production falls.
• B)an increase in input prices increases supply.
• C)the quantity supplied of most goods and services increases over time.
• D)an increase in price gives producers an incentive to supply a larger quantity.

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Definitions:

Prejudice

Is an attitude that judges a person according to his or her group’s real or imagined characteristics.

Disablism

Discrimination or prejudice against individuals with disabilities, based on the belief that typical abilities are superior.

Unintended Negligence

A situation where harm is caused not through deliberate action but due to a lack of attention or foresight.

Age Stratification

Social inequality between age cohorts.