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A supply curve is positively sloped because

Economics
JAMB 2009

A supply curve is positively sloped because

  • 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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