Which statement is consistent with the law of supply? At a zero price, quantity supplied will be infinite. An increase in market price will lead to an increase in quantity supplied. An increase in market price will lead to a decrease in quantity supplied. A decrease in market price will lead to an increase in quantity supplied. Why does the supply curve slope upward? To answer this question, use the choices below to identify the characteristics of an upward-sloping supply curve. Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box. Increasing opportunity costs checked Increasing marginal costs checked Diminishing marginal utility checked A decrease in resource prices checked An increase in resource prices checked Increasing labor productivity checked How is the market supply curve derived from the supply curves of individual producers? By using the largest quantity supplied among all producers for each price By adding up the quantities supplied by all individual producers for each price By adding up the prices paid for each unit supplied by producers By calculating the average quantity supplied among all producers