Which of the following most accurately explains why the supply curve for a good slopes upward to the right?
a. There is an inverse relationship between a good's price and the amount consumers are willing to purchase.
b. There is an inverse relationship between a good's price and the amount offered for sale by suppliers.
c. There is a direct relationship between a good's price and the amount offered for sale by suppliers.
d. There is a direct relationship between a good's price and the amount consumers are willing to purchase.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following most accurately explains why the supply curve for a good slopes upward to the right? a. There is an inverse ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Lauren is trying to find her net income. She used the statement and the steps shown. Step 1 List all income, including tips and commissions, and list all expenses, including food, entertainment, and clothing. Step 2 Total all the income.
Answers (2)
When the money market is drawn with the value of money on the vertical axis, if the Federal Reserve buys bonds, then the money supply curve.
Answers (1)
Keesha Co. borrows $230,000 cash on December 1 of the current year by signing a 150-day, 12%, $230,000 note. 1. On what date does this note mature? 2. & 3.
Answers (1)
The following transactions pertain to the operations of Ewing company for year 2. 1. Acquired $30,000 cash from the issue of common stock 2. Provided $65,000 of services on account 3. Paid $22,000 cash on accounts payable 4.
Answers (1)
A city government reported a $9,000 increase in net position in the motor pool internal service fund, a $12,000 increase in net position in the water enterprise fund, and a $7,000 increase in the employee pension fund.
Answers (1)
New Questions in Business
The board of commissioners of the City of Hartmoore adopted a General Fund budget for the year ending June 30, 2017, that included revenues of $1,342,500, bond proceeds of $595,000, appropriations of $960,000, and operating transfers out of $532,500.
Answers (1)
Why is it important to inquire about media rights before you decide to use a piece of media? A. When you have rights you are able to embed a hyperlink onto your slides. B.
Answers (2)
Tibbs Inc. had the following data for the most recent year: Net income = $300; Net operating profit after taxes (NOPAT) = $220; Total assets = $2,500; Short-term investments = $200; Stockholders' equity = $1,800; Total debt = $700;
Answers (1)
The money a person receives from a wage or salary or from investments is income, and the assets an individual owns are wealth. Why is wealth considered more significant in social stratification? a.
Answers (1)
When a firm does not have the resource required for pursuing a growth strategy, and if the resource in question is not easily tradable, the implication for the strategist is most likely to:A) enter into a licensing agreement.
Answers (1)