A supply curve is positively sloped because

Economics

JAMB 2009

A. supply always exceeds demand
B. demand always exceeds supply
C. price is an incentive to consumers
D. price is an incentive to producers

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Correct Answer: Option D

Explanation

A supply curve is positively sloped because as the price of a commodity increase in the market, the amount supplied increases. Producers will be wiling to supply more of their products as prices increase.

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A supply curve is positively sloped because

Correct Answer: Option D

Explanation

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