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.
Answer: C) suppliers will want to sell more at higher prices.
Economics
You might also like to view...
Refer to Figure 12-5. What is the minimum price the firm requires to produce output?
A) $20 B) $14 C) $5 D) It cannot be determined
Economics
Which factors led to the large rise in the government's budget deficit in the early 1980s?
a. The Clinton Administration's health care program b. A cutback in military spending c. An income tax increase d. A build up in military spending e. A large and unprecedented economic expansion
Economics