Deprecated: Return type of AdvancedAds\Abstracts\Data::offsetGet($offset) should either be compatible with ArrayAccess::offsetGet(mixed $offset): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/erudites/web/erudites.ng/public_html/wp-content/plugins/advanced-ads/includes/abstracts/abstract-data.php on line 431
A Normal Supply Curve Has A Positive Slope Which Indicates That? - Erudites Academy

A. sellers are willing to sell more at a lower price
B. sellers are indifferent to prices
C. sellers are willing to sell more at a higher price
D. there is always a fixed supply

Correct Answer: Option C

C. sellers are willing to sell more at a higher price

Explanation

A supply curve will normally slope upwards (positive) because sellers like it when they’re selling at higher prices than lower ones. So they’re more willing to sell at higher prices than lower ones.

Copyright warnings! Do not copy.

Earn Your Degree In 3 Years Without Writing UTME. Click Here To Learn More.