Economy, asked by prenzzzzzzz, 9 months ago

explain any two reasons for the positive slope of the supply curve

Answers

Answered by nightfury27

Explanation:

The basic reason why a supply curve slopes upward is because producers want to make as much profit as they can. ... As the sale price of the good rises, the profit gained by selling it increases and the producer has a greater incentive to produce and sell a higher quantity

Previous Question

Next Question

Similar questions

Computer Science, 4 months ago

Draw a flowchart and write a 'C' program to input principal, rate of interest and time for a loan. Calculate and print the interest and amount for a given sum after 5 years.

Math, 4 months ago

if mother age is 47 years old find the son's age after 6 years ratio of their age is 1/2 answer will get chocolate...

Math, 4 months ago

Prove that the triangle obtained by joining the midpoints of the sides of an isosceles triangle is also isisoscele...

Math, 9 months ago

Which of the following number is a perfect cube?Immersive Reader 1182 2084 1331 927...

Social Sciences, 9 months ago