jimabi10 jimabi10

27-07-2024
Business

Answered

The market supply curve of a resource is:

A. determined by firms.
B. horizontal at the market price.
C. downward sloping.
D. vertical.
E. upward sloping.

Answer :

GinnyAnswer GinnyAnswer

27-07-2024

Final answer:

The market supply curve is upward sloping, indicating an increase in supply as price rises.

Explanation:

The market supply curve is formed by summing up individual firm supply curves and represents the positive relationship between price and quantity supplied. It is upward sloping, showing that as the price increases, all firms are willing to supply more.

Learn more about supply curves here:

https://brainly.com/question/38614847

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