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Answer:
Direct, upward sloping
Explanation:
Supply refers to the quantities of goods or services that firms are willing to sell to the markets are a specific price. As per the law of supply, an increase in prices leads to an increase in the quantity supplied. Therefore, the relationship between the price and quantity supplied is direct. Firms prefer to supply more products to the markets at higher prices because they will make more profits.
The supply curve is a graphical presentation of the relationship between price and quantity supplied. The supply curve is upward sloping. It originates from the bottom left corner, showing how quantities vary along the curve at different prices. Quantity supplied increases as the price rise.
Answer: the answer is C deduct $3500 each year.
Explanation: Whether the land is vacant and unproductive or it is used to generate income. The property tax for the land will be paid yearly
Answer: Option A : by themselves do not tell us what decisions the firm will make.
Explanation: Using the cost curve to make decisions is the function of the firm's internal decision mechanism
