HELP! INTRO TO ECO

posted by .

Why do supply curves slope upward from left to right?
Why don't we sometimes draw them sloping downward from left to right?
Under what conditions would it be sensible to draw a supply curve that is horizontal(perfectly elastic)?
Under what conditions would it be sensible to draw a supply curve that is vertical(perfectly inelastic)?

  • federal college of education special oyo -

    Show way supply curve of the firm and industry slope upward to the right

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Microeconomics

    It has been estimated that the world demand for wheat can be represented by thefunction P = 80 - 2Q. It has been further found that the countries supplying thismarket have marginal cost curves which when summed together are given by …
  2. Economics

    Consider 2 markets for carpenters: the city of Portland and the United States. Draw 2 supply curves for the carpenters: one for the city of Portland and one for the US. In which market would you expect more elasticity supply of carpenters?
  3. Microeconomics

    Can you show graphically the presence of externalities for example in the case of research and development expenditures?
  4. Economics

    I am working on the cost of taxation. Question: The market for pizza is characterized by a downward-sloping demand curve and upward-sloping supply curve. Suppose that the govenment forces each pizzeria to pay a $1.00 tax on each pizza …
  5. Economics

    Could you please check these thanks. Directions: Supply can decrease and increase depending upon several factors. Also you must put if that factor increase/decreases amount of supply, if the supply curves to the left/right, and if …
  6. Algebra

    Which of the following describes the end behavior of the graph of the function f(x) = –2x^5 – x^3 + x – 5?
  7. Algebra

    Which of the following describes the end behavior of the graph of the function f(x) = –2x^5 – x^3 + x – 5?
  8. Intro to Eco Help

    supply curves slop upward to the right because.. higher prices attract resources from other uses?
  9. algebra

    Which of the following describes the end behavior of the graph of the function f(x) = –x6 – 3x4 + 7x – 5?
  10. Economics

    If an industry is highly profitable, new firms are likely to enter the market. This would be reflected with a shift of the A- demand curve to the right B-supply curve to the right C-supply curve to the left D- demand curve to the left

More Similar Questions