Question

The supply of alligator meat slopes __________ and to the _________ , according to the _____________ of supply. Downward; right; theory. Downward; right; law. Upward; right; theory. Upward; right; law. Upward; right; Determinants.

Answer 1

Upward; right; theory

Step-by-step explanation:

The Theory of supply states that the higher the price, the higher the price. In other words, when manufacturers/ producers, gets a higher price, they make more supply, as they enjoy more profit margin. Also, a lower price, follows a decreased supply. Hence, 'The supply of alligator meat slopes upwards and to the right, according to the theory of supply'.