In General, Supply Curves Slope Upward Because

question 24

Multiple Choice

In general, supply curves slope upward because:

• A) increases in the price of a good result in lower opportunity costs.
• B) rising prices provide producers with a greater profit incentive.
• C) consumers buy a greater quantity.
• D) technology improves the ability of firms to produce more at each possible price.

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Definitions:

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Primary Caregiver

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A psychological technique aimed at identifying and challenging negative and irrational thoughts and replacing them with more balanced and constructive ones.