The supply curve is upward sloping because __________.

costs increase when the price increases

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quantity demanded decreases when price increases

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As the price increases, suppliers can justify producing at higher marginal costs

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All of the above

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Solution

The correct option is C
As the price increases, suppliers can justify producing at higher marginal costs

The supply curve is upward sloping because as price increases, suppliers can justify producing at higher marginal costs as long as MC < P.

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The supply curve is upward sloping because __________.

The correct option is C As the price increases, suppliers can justify producing at higher marginal costs The supply curve is upward sloping because as price increases, suppliers can justify producing at higher marginal costs as long as MC < P.

The correct option is C
As the price increases, suppliers can justify producing at higher marginal costs

The supply curve is upward sloping because as price increases, suppliers can justify producing at higher marginal costs as long as MC < P.