Question

The supply curve is positively sloped . Explain with reason​

Answer 1

The supply curve slopes upward, reflecting the higher price needed to cover the higher marginal cost of production. The higher marginal cost arises because of diminishing marginal returns to the variable factors.

Answer 2

Explanation:

supply curve will normally slope upwards because sellers like it when they’re selling at higher prices than lower ones. So they’re more willing to sell at higher prices than lower ones. So if the selling price were say $2, the firm is only willing to provide a quantity of 10. But if the price were say $4, the firm is now willing to provide quantity of 35.