The Reason That the Supply Curve Is Upward Sloping Is

question 69

Multiple Choice

The reason that the supply curve is upward sloping is

• A)diminishing marginal costs.
• B)diminishing average costs.
• C)increasing marginal costs.
• D)increasing average costs.

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Definitions:

Weak Correlation

A statistical relationship between two variables that indicates a slight linear association, usually represented by a correlation coefficient close to zero.

Positive

Refers to a value greater than zero, often indicating a favorable condition or result.

Negative

In mathematics or statistics, indicating a value less than zero or having a detrimental effect in a specific context.

Regression Model

A statistical technique that models and analyzes the relationships between a dependent variable and one or more independent variables.