Question

1. which best explains why supply curves slope upward? higher prices encourage producers to sell more. lower prices create shortages. consumers demand more at higher prices. government forces businesses to expand.

Explanation:

The law of supply states that, ceteris paribus, as the price of a good or service increases, the quantity supplied by producers increases. Higher prices mean higher profits for producers, so they are encouraged to sell more, which is why the supply curve slopes upward.

Answer:

Higher prices encourage producers to sell more.