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History, 12.02.2021 14:00 millanesjamela
Why is the supply curve upward-sloping?
O Consumers like lower prices rather than higher ones.
O Producers are usually willing to offer more at lower prices than at higher ones.
O Producers are usually willing to offer more at higher prices than at lower ones.
O Inventories are more valuable when prices are high.
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Why is the supply curve upward-sloping?
O Consumers like lower prices rather than higher ones.
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