jimenez49 jimenez49

04-03-2021
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Why is there an upward slope to the supply curve?

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princessamira2008 princessamira2008

04-03-2021

Answer:

A supply curve is usually upward-sloping, reflecting the willingness of producers to sell more of the commodity they produce in a market with higher prices. Any change in non-price factors would cause a shift in the supply curve, whereas changes in the price of the commodity can be traced along a fixed supply curve.

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