Multiple Choice
What does an upward-sloping supply curve show?
A) Suppliers expand production as the product price falls.
B) Suppliers are willing to increase production of their goods if they receive higher prices for them.
C) Buyers are willing to pay more for particularly scarce products.
D) Buyers are willing to buy more as the product price falls.
Correct Answer:
Verified
Correct Answer:
Verified
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