Author Question: If the supply curves for the following goods were plotted, they all would slope upward except one. ... (Read 19 times)

Bernana · **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