Because of the law of supply, we know that supply curves will be _____ sloping.Multiple choice question.downwardupward

Break Down the Problem

1. Identify the key concept: Law of supply.
2. Understand the implications of supply curves.

Relevant Concepts

1. The law of supply states that, all else being equal, an increase in price results in an increase in quantity supplied.

Analysis and Detail

1. Supply curves typically slope upward from left to right because higher prices incentivize producers to supply more of a good or service. This contrasts with demand curves, which slope downward.

Verify and Summarize

1. Given the explanation, we conclude that supply curves slope upward due to the direct relationship between price and quantity supplied.

Final Answer

Supply curves will be upward sloping.