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The supply curve is upward-sloping because
As the price increases, so do costs.
As the price increases, consumers demand less.
As the price increases, suppliers can earn higher levels of profit or justify higher marginal costs to produce more.
None of the Above
The supply curve is upward-sloping because As the price increases, suppliers can earn higher levels of profit or justify higher marginal costs to produce more.
By: Jyoti Das ProfileResourcesReport error
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