Supply curves are usually assumed to slope upward becausea, Ask an Expert

Economics

Supply curves are usually assumed to slope upward because

a. profits fall as prices rise

b. a higher price leads to increases in demand

c. a higher price leads to decreases in demand

d. a higher price attracts resources from other less valued uses

e. firms drop out of the market as prices rise

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91271951

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