Supply Curve Slope Upward?

Answer

The supply curve is sloping upward as it represents the quantity of goods or services at a given price. It is directly proportional to the price, so the higher the price of the good, the larger the supply is.
Q&A Related to "Supply Curve Slope Upward?"
A supply curve represents the quantity of a good that will be produced at a given price. The higher the price, the larger the quantity of the good that will be available to purchase
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Because generally, if you are willing to pay more for something, you can get more of it. The blue curve S is supply. As the price P increases, the Quantity available also increases
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Supply curve will be upward sloping in two reason,the first reason is know as the income effect and the second is know as substitution effect.
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Any given point along the supply curve shows the minimum per unit price that sellers must get in order to supply a particular quantity of the good. Holding all else constant, suppliers
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1 Additional Answer
Ask.com Answer for: supply curve slope upward
Why Is the Supply Curve Upward Sloping?
A supply curve represents the quantity of a good that will be produced at a given price. The higher the price, the larger the quantity of the good that will be available to purchase. This is contrasted to the demand curve on which a higher price causes... More »
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Source: www.ehow.com
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The demand curve will often slope downwards. There are examples of the demand curve that slopes upwards such as in the case of a staple good that may be lower ...
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