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Karo-lina-s [1.5K]
2 years ago
7

What statement best explains why the supply curve is upward sloping?

Business
1 answer:
Arisa [49]2 years ago
7 0

The statement that best explains why the supply curve is upward sloping is: as the price increases quantity supplied increases.

<h3>What is supply curve?</h3>

Supply  curve can be defined as the amount of goods and service produce  and supplied at a particular period of time.

When the  supply curve slopes upward this tend to means that as the price rise  quantity supplied  will as well increases or rise . This occur when higher prices of goods and service tend to offer higher profits.


Therefore the statement that best explains why the supply curve is upward sloping is: as the price increases quantity supplied increases.

Learn more about supply curve here:brainly.com/question/26430220

#SPJ11

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