Give reasons behind upward sloping supply curve in economics i need only two reason.

Q: What causes the changing of data points in the initial demand curve?

A: Answer: Introduction: The demand curve shows the inverse relationship between the price of a good…

Q: Decide if it is an increase (right shift) or a decrease (left shift) and write that next to the…

A: Ss(supply) curve is an upward sloping line which shows the direct relation between p(price) and…

Q: Decide if it is an increase (right shift) or a decrease (left shift) and write that next to the…

A: The supply curve shows the association between the price of commodity and quantity of the commodity…

Q: the rise in cost of chips used in mobiles happens, how will the supply of mobiles be affected a.…

A: Increase in cost of chips would result in an increase in the cost of production, this decreases…

Q: Use the following supply schedule for cherries to draw a graph of the supply curve. Be sure to label…

A: Various price quantity combinations of a supply schedule can be plotted on a graph to obtain the…

Q: What is law of supply? And what are the assumptions of the law of supply?

A: The number of units of a good that a producer is willing to sell in the market at different prices…

Q: What is the information does the point of intersection between demand and supply curve convey?

A: In a free market i.e. without any government intervention (laissez-faire state), the forces of…

Q: d. Prov

A: Derived demand is the demand for a service or good which results from the demand for a different, or…

Q: Explain in detail, all the possible shift factors of demand and supply schedule along with suitable…

A: Shift in demand and supply schedule occurs when quantity demanded and quantity supplied changes…

Q: Explain the reasons behind the backwards sloping demand curve

A:

Q: What is the slope of the given supply curve?

A: Supply Curve: - supply curve is the graphical way of showing the relationship between the quantity…

Q: Use the graph to answer the question that follows. Price ($) X Ο Ο S' S Quantity The graph for a…

A: Equilibrium in the market occurs at the intersection of demand and supply curves.

Q: Explain why a supply curve slopes upward

A: supply is defined as the quantity of goods that the producers decide to sell in the market at any…

Q: Use the equation of the supply curve, P = -8Q + 80 to compute the quantity demanded if price is 80…

A: Answer: Given, Supply curve equation: P=-8Q+80 Price=80 Note: the supply curve equation is actually…

Q: Decide if it is an increase (right shift) or a decrease (left shift) and write that next to the…

A: The supply curve of pecans shows the direct relationship between the price of pecans and the…

Q: Consider the market for softdrinks in canada, where there are over a thousand stores that sell soft…

A: Meaning of Demand and Supply: The term demand refers to the willingness of people to purchase a…

Q: В Apr AA A docs.google.com Problem 4 Which of the following events will cause a leftward shift in…

A: Demand refers to the total quantity of a good or service that is being demanded by the consumer for…

Q: Define Shifts in supply. ?

A: Supply refers to the amount of the goods or services in the economy that are available for purchase…

Q: Directions: Please answer the following two questions (one paragraph for each should suffice, but…

A: (A). The demand for Levis jeans may fall due to a “ fall in the income of consumer” and the…

Q: When economists say the quantity supplied of a product has increased, they mean the supply curve has…

A: Supply: It is the total amount of goods present for consumers.

Q: g. Graphically illustrate and explain how an increase in the supply of coffee by a Third Wave Coffee…

A: The term "market equilibrium" refers to a scenario in which a commodity's demand and supply are…

Q: Q5. An increase in demand would cause supply curve to: Shift to the left Shift to the right Change…

A: The demand curve is a downward sloping curve that signifies a negative relationship between the…

Q: It has been suggested that homeowners be allowed to deduct part of their mortgage (loan to buy a…

A: If homeowners are allowed to deduct part of their mortgage interest payments on their income tax…

Q: All parts of this question pertain to the demand-supply graph below, showing the ) and supply (S)…

A: Price ceiling is the maximum price which can be charged by the firm. Or firm can not charge price…

Q: What makes demand curves slopes downwards?

A: The law of demand shows the negative relationship between price of the good and its quantity…

Q: When asked for investment advise, humorist Will Rogers joked that people should "buy land. They…

A: Land has a fixed supply. So, the price of land completely depends upon the demand for it.This…

Q: Decide if it is an increase (right shift) or a decrease (left shift) and write that next to the…

A: In a market, any change in technology will have a significant impact on the supply of output because…

Q: Given the scarcity of semiconductors in the production of new cars, what is the effect on the supply…

A: Supply curve shows the positive relationship between the price and quantity supplied of good. It is…

Q: What are determinants that shift the supply curve, define and list 4 conditions.

A: FACTORS THAT SHIFT SUPPLY CURVE ARE

Q: What is the direction of a perfectly inelastic supply curve? vertical upward sloping to the right O…

A: Supply curve shows the positive relationship between price level and quantity supplied.

Q: How can we explain the lower flat section and the upper flat section of the Relative Supply (RS)…

A: Relative supply curve shows the world supply of two goods in the Ricardian framework. It shows the…

Q: Give one example when there is an increase in the supply curve.

A: Supply curve: A supply curve is a curve that shows the relationship between the price or costs of…

Q: What is a Parallel shift of the Demand Curve and what does this shift indicate? Please explain thank…

A: The market forces of demand and supply of a good determine the equilibrium price and quantity of a…

Q: When supply curve is upward sloping, its slope is (a) Positive b) Negative (c) First positive then…

A: Any curve, whether supply or demand, has a slope with value more than 0 (positive) if it is upward…

Q: When asked for investment advise, humorist Will Rogers joked that people should "buy land. They…

A: A person pronounces that there is a shortage of land in the market. Since, the quantity demand for…

Q: The law of supply states that there is a positive relationship between the price of a good and the…

A: The law of supply states that quantity supplied of a good is positively related with the price of…

Q: Supply Curve and give interpretations.

A: Supply and Supply Function : By supply it is meant that the amount of a commodity offered for sale…

Q: On the graph below click on the upper end point of the supply line S1 and drag it to the left by…

A:

Q: Assuming hypothetical equilibrium in Demand/Supply Model of Apples, illustrate impact of following…

A: Solution: Equilibrium: It refers to a market situation where supply and demand intersect each other…

Q: Distinguish between a shift in and a movement along the supply curve.

A: A supply curve shows the relation between price charged and quantity supplied. When there is a shift…

Q: Decide if it is an increase (right shift) or a decrease (left shift) and write that next to the…

A: There are two concepts that need to be taken into consideration first is the shift of the supply…

Q: What is the reason that a supply curve is positively sloped? If the price of corn rose, a) What…

A: We are authorized to answer one question at a time, since you have not mentioned which question you…

Q: Define Shifts in demand.?

A: Demand(DD) is an important component of market. It indicates the need of the consumers.