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The fundamental reason why most supply curves are upward sloping is that?
Wiki User
∙ 13y ago
the fundamental reason is that most firms produce quantity inversly proportionate to the current supply/demand ratio is that they are driven by a strong desire of ethics and moral goods along with money. cool.
Wiki User
∙ 13y ago
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What does the law of demand suggest that most demand curves will be?
The law of supply predicts the supply curve will be upward sloping.
When the supply curve is upward sloping?
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.
Is The aggregate demand curve downward sloping for the same reason that the demand curve for a single good is downward sloping?
true because it is still supply and demand downward sloping
Do market and supply curves have negative slopes?
Do market supply curves have negative slopes
The law of supply implies that the supply curve is?
Upward-sloping
What does the law of demand suggest that most demand curves will be?
The law of supply predicts the supply curve will be upward sloping.
When the supply curve is upward sloping?
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.
Is The aggregate demand curve downward sloping for the same reason that the demand curve for a single good is downward sloping?
true because it is still supply and demand downward sloping
Do market and supply curves have negative slopes?
Do market supply curves have negative slopes
The law of supply implies that the supply curve is?
Upward-sloping
Why is it in macroeconomics demands is downward sloping but supplies is vertical?
Supply is USUALLY upward sloping, the only case (I think) where supply is vertical is when you are talking about the money supply and interest rates. This is because the money supply is set by the Fed, and so does not vary.
Because of the law of supply supply curves always slope?
upward and to the right
What causes abnormal supply curves?
Abnormal supply curve is caused by fall in price
Since supply curves are upward sloping you would never see an increase in price accompanied by a decrease in quantity traded True or False?
34. As the price of beach front cottages in Florida was raised from $400,000 to 500,000, their quantity supplied rose from 2000 to 2100. Using the are convention, the elasticity of supply of beach front cottage is:
What is eqiliblum point in the demand and supply?
The point of intersection of Demand and Supply curves is the equilibrium point.
In the supply and demand model a negative externality results in?
supply curves To the left. !!!!QI had that class
If marginal revenue is less than average revenue will the demand curve be downward sloping?
This question reflects a fundamental misunderstanding of supply and demand. Marginal revenue and average revenue are related to a firm's cost function, and are thus connected to SUPPLY. They have nothing to do with a demand curve in classical economics, which is the marginal benefit to the CONSUMER of being in the market.
