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What kind of curve does a supply curve have?

Select one:
A. Upward straight curve
B. Downward sloping
C. Upward sloping
D. Downward curve to the right

Sagot :

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Final answer:

An upward sloping supply curve shows that as prices rise, quantity supplied increases.


Explanation:

An upward sloping supply curve is the standard representation in economics. As the price of a good increases, suppliers are willing to produce more. The curve slopes upwards to the right, indicating the positive relationship between price and quantity supplied.

Firm supply curves describe how individual sellers respond to market prices. Unlike demand curves, supply curves are upward sloping because firms increase production as market prices rise, making production more profitable.

Law of supply governs the supply curve: prices rise, quantity supplied increases. This relationship is visually depicted on the graph as movement along the curve to higher price and quantity combinations.


Learn more about Supply Curve here:

https://brainly.com/question/38614847


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