Answer to Question #82405 in Microeconomics for METSEAGHARUN UTSEORITSELAJU

Question #82405
why is the supply curve upwards sloping
1
Expert's answer
2018-10-26T10:40:09-0400

Such form of the supply curve is caused by the law of supply. The law claims that manufacturers are ready to deliver more goods for higher prices. A higher price is needed to cover growing marginal cost of production.

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