The market supply curve slopes upward from left to right indicating that?
A. producers pay high taxes B. two commodities can be supplied at the same time C. at a lower price, less is supplied D. at a lower price, more is supplied and demanded
Correct Answer: 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).
