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Supply curves slope upward to the right because

Sublight2097

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8 years ago

Supply curves slope upward to the right because

Supply curves slope upward to the right because
A) high enough prices make sunk costs irrelevant.
B) higher prices attract resources from other uses.
C) marginal cost is less than elasticity of demand.
D) otherwise they would not intersect demand curves.

Textbook

The Economic Way of Thinking

Edition: 13^th

Authors: Heyne, Boettke, Prychitko

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Sublight2097 Author

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8 years ago

My mind was going in all different directions trying to figure this one out. Thanks so much.

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Dropx

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#3

8 years ago

Thanks for updating the community. A lot posters don't realize how important feedback is!

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