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

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.


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