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One reason supply curves have an upward slope is because

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One reason supply curves have an upward slope is because

One reason supply curves have an upward slope is because
A) increased supply will require increased technology.
B) people will pay a higher price when less is supplied.
C) a higher price brings a greater profit, so firms want to sell more of that good.
D) to have more of the good supplied requires more firms to open.
E) None of the above answers is correct because supply curves have a downward slope.

Textbook

Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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Solved Which of the following explains why supply curves slope upward?
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Solved Supply curves: (Multiple Choice)
Solved The Law of Supply ensures that supply curves slope upward.
The Law of Supply insures that supply curves slope upward.

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