Question: Why does the supply curve slope upward? To answer this question, use the choices below to identify the characteristics of an upward - sloping supply
Why does the supply curve slope upward? To answer this question, use the choices below to identify the characteristics of an upwardsloping supply curve.
check all that apply
Increasing opportunity costs
Increasing marginal costs
Diminishing marginal utility
A decrease in resource prices
An increase in resource prices
Increasing labor productivity
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