Because supply curves slope upward, this supports the law of supply that as prices __________, more goods will be supplied.

Question

asked Feb 1, 2022 143k views

1 Answer

Zohan · Answer 1 · 2022-02-08T02:50:45+0000

Answer: increase

Step-by-step explanation:

The supply curves slope upward due to the fact that there's a direct relationship between the price of the good and the quantity that's supplied.

This means that when price increase let's say the price of a good moves from $5 to $7, the suppliers will supply more due to the price increase.