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Author Question: If the supply curves for the following goods were plotted, they all would slope upward except one. ... (Read 44 times)

Bernana

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on: Jul 1, 2018
If the supply curves for the following goods were plotted, they all would slope upward except one. Which is the exception?
 a. red Corvettes
  b. yogurt
  c. diamond rings
  d. original copies of the Mona Lisa
  e. wine from Greece

Question 2

The basic reason that supply curves slope upward is that
 a. demand curves slope downward
  b. production is characterized by increasing costs
  c. profits decline as product prices rise
  d. greater output can only result from improved technology
  e. price and quantity supplied are inversely related


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rleezy04

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


Bernana

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

Mochi

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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