In general, supply curves slope upward because:
a. increases in the price of a good result in lower opportunity costs.
b. rising prices provide producers with a greater profit incentive.
c. consumers buy a greater quantity.
d. technology improves the ability of firms to produce more at each possible price.
b
Economics
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New Keynesian macroeconomic theory emphasizes the role of "sticky" prices in the economy
Indicate whether the statement is true or false
Economics
On which of the following government spending projects would the crowding out effect most likely be the greatest?
A) government spending on farm subsidies B) government spending on improvements in infrastructure C) government spending on research and development D) government spending on education
Economics