Supply Curves Are Generally _______ Sloping Because _______________

question 99

Multiple Choice

Supply curves are generally _______ sloping because _______________.

• A)downward; more consumers will buy the good if the price falls.
• B)upward; of the principle of increasing opportunity costs.
• C)downward; it is less expensive to mass-produce goods.
• D)upward; of inflation.

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Definitions:

Objective

A goal or aim that is clearly defined and measurable.

Action Statement

A clear, concise declaration outlining a specific action to be taken to achieve a particular objective.

Budget

An estimate of income and expenditure for a set period of time, often used by businesses and governments to plan financial activities and resource allocations.

Strategy

A high-level plan or set of actions designed to achieve long-term objectives or overall goals in a competitive context.