Question

A supply curve slopes upward because
A) an increase in price gives producers an incentive to supply a larger quantity.
B) the quantity supplied of most goods and services increases over time.
C) an increase in input prices increases supply.
D) as more is produced, total cost of production falls.

Answer 1

A) an increase in price gives producers an incentive to supply a larger quantity.

this is your answer

Answer 2

The correct answer for your question is option (A)

A supply chain slopes upward because an increase in price gives producer an incentive to supply large quantity.

There is a formal saying that “there is a direct relationship between the price of the product that a producer can sell and the quantity of the product that will sell”. The producer of a product always wanted to sell more and profit more. This is the reason why the supply chain slopes upwards.