WAEC - Economics (2015 - No. 10)
The market supply curve slopes upward from left to right indicating that?
producers pay high taxes
two commodities can be supplied at the same time
at a lower price, less is supplied
at a lower price, more is supplied and demanded
Vysvětlení
In most cases, the supply curve is drawn as a slope rising upward from left to right, since product price and quantity supplied are directly related (i.e., as the price of a commodity increases in the market, the amount supplied increases, and at a lower price, supply decreases).