A normal supply curve is usually positively sloped because the relationship between
Question 1 Report
A normal supply curve is usually positively sloped because the relationship between
Answer Details
A normal supply curve is usually positively sloped because the relationship between price and supply is positive. This means that as the price of a good or service increases, producers are willing to supply more of it to the market, since they can make more profit. On the other hand, as the price of a good or service decreases, producers are willing to supply less of it, since they may not be able to cover their costs or make a reasonable profit. As a result, the relationship between price and supply is positive, and the supply curve slopes upward to the right.
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