A Supply Curve That Is Upward Sloping Means That

question 18

Multiple Choice

A supply curve that is upward sloping means that:

• A) demand is being ignored.
• B) consumers will buy less at lower prices.
• C) suppliers will want to sell more at higher prices.
• D) suppliers will want to sell less at higher prices.

---

Definitions:

Social Welfare Policy

Regulations, laws, and guidelines designed to improve the well-being of the population, especially the most vulnerable.

Laws And Regulations

The body of rules, statutes, and guidelines enacted by legislative bodies or regulatory agencies governing behavior, activities, and standards in a society or industry.

Social Programs

Government or private initiatives designed to promote social welfare and improve living conditions for individuals and communities, often focusing on health, education, and income support.

General Systems Theory

An interdisciplinary study of systems as they relate to one another within a larger, more complex system.