The fundamental reason supply curves slope upward is

Name: The fundamental reason supply curves slope upward is
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According to the law of supply, as the price of a good or service increases, producers have an increasing incentive to supply more of it to the market, which leads to an increase in production costs. Therefore, supply curves typically slope upward, indicating that higher prices are necessary to incentivize firms to supply larger quantities of a good or service.

The Fundamental Reason Supply Curves Slope Upward Is