Which of the Following Is the Reason Supply Curves Typically

question 193

Multiple Choice

Which of the following is the reason supply curves typically slope upward?

• A)Opportunity cost of production increases as quantity supplied increases.
• B)Supply increases as opportunity cost decreases.
• C)Price increases as supply decreases.
• D)Quantity supplied is unrelated to price.
• E)The income and substitution effects of a price change.

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