Multiple Choice
Supply curves slope upward because:
A) the quality is assumed to vary with price.
B) technology improves over time, increasing the ability of firms to produce more at each possible price.
C) increases in the price of a good lead to rightward shifts of the supply curve.
D) rising prides provide producers with the incentives needed to increase the quantity supplied.
Correct Answer:

Verified
Correct Answer:
Verified
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