Economics WAEC

The market supply curve slopes upward from left to right indicating that?

A. producers pay high taxes
B. two commodities can be supplied at the same time
C. at a lower price less is supplied
D. at a lower price more is supplied and demanded

Correct Answer: Option C

C. at a lower price less is supplied

Explanation

In most cases, the supply curve is drawn as a slope rising upward from left to right, since product price and quantity supplied are directly related (i.e., as the price of a commodity increase in the market, the amount supplied increases, and at a lower price, supply decreases).

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