Get expert insights and community-driven knowledge on IDNLearn.com. Our platform provides prompt, accurate answers from experts ready to assist you with any question you may have.

Why is there an upward slope to the supply curve?

Sagot :

Answer:

A supply curve is usually upward-sloping, reflecting the willingness of producers to sell more of the commodity they produce in a market with higher prices. Any change in non-price factors would cause a shift in the supply curve, whereas changes in the price of the commodity can be traced along a fixed supply curve.

Explanation: