Author Question: Supply curves generally slope upward because of all of the following reasons except one. Which is ... (Read 74 times)

Tazate · **on:** Jul 1, 2018

Supply curves generally slope upward because of all of the following reasons except one. Which is the exception?
a. Producers are willing to offer more of a good at higher prices.
b. A higher price attracts resources from less-valued uses.
c. Producers must be compensated for the rising opportunity cost of additional output.
d. Producers have a greater incentive to sell more as the price increases.
e. The price of a good usually must fall to induce an increase in quantity supplied.

Question 2

The market supply curve of a particular product indicates the total quantities
a. that are actually sold during a given time period
b. that buyers are willing to purchase at alternative prices
c. that sellers are willing and able to offer at alternative prices
d. that sellers are willing to offer for sale
e. of complements offered for sale