Question

the law of supply implies that multiple choice supply curves are downward-sloping to the right. a change in a determinant of demand shifts the supply curve. supply curves are upward-sloping to the right. supply curves are flat.

Answer 1

Answer: The statement "the law of supply implies that supply curves are upward-sloping to the right" is the correct statement

Explanation: According to the law of supply, as the price of a good or service increases, the quantity supplied by producers will increase as well. This relationship between price and quantity supplied is represented graphically by an upward-sloping supply curve.