Question : Most supply curves _______ due to rising marginal costs.

Option 1: Possess a positive slope
Option 2: Have a downward slope
Option 3: Horizontal
Option 4: Vertical

Question

Question : Most supply curves _______ due to rising marginal costs.

Option 1: Possess a positive slope

Option 2: Have a downward slope

Option 3: Horizontal

Option 4: Vertical

Team Careers360 · Accepted Answer

Correct Answer: Possess a positive slope

Solution : Because of rising marginal costs, supply curves have a positive slope (MC).
All else being equal, the quantity supplied of an item increases as the price increases, and vice versa, according to the law of supply. This means that the supply curve has a positive slope, i.e. it slopes up and to the right.
Hence option a is correct.

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Question : Most supply curves _______ due to rising marginal costs. Option 1: Possess a positive slopeOption 2: Have a downward slopeOption 3: HorizontalOption 4: Vertical

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Question : Most supply curves _______ due to rising marginal costs.

Option 1: Possess a positive slope
Option 2: Have a downward slope
Option 3: Horizontal
Option 4: Vertical

Question : In the long run, the aggregate supply curve is:
Option 1: Vertical

Option 2: Horizontal

Option 3: Upward-sloping

Option 4: Downward-sloping

Question : In the short run, the aggregate supply curve is:
Option 1: Vertical

Option 2: Horizontal

Option 3: Upward-sloping

Option 4: Downward-sloping

Question : In the long run, the aggregate supply curve is:
Option 1: Vertical

Option 2: Horizontal

Option 3: Upward-sloping

Option 4: Downward-sloping

Question : In the long run, the aggregate supply curve is:
Option 1: Vertical

Option 2: Horizontal

Option 3: Upward-sloping

Option 4: Downward-sloping

Question : In the short run, the aggregate supply curve is:
Option 1: Vertical

Option 2: Horizontal

Option 3: Upward-sloping

Option 4: Downward-sloping