The market supply curve slopes upward from left to right indicating that?
- producers pay high taxes
- two commodities can be supplied at the same time
-
at a lower price, less is supplied
- at a lower price, more is supplied and demanded
The correct answer is: C
Explanation
In most cases, the supply curve is drawn as a slope rising upward from left to right, since product price and quantity supplied are directly related (i.e., as the price of a commodity increases in the market, the amount supplied increases, and at a lower price, supply decreases).