The supply curve slopes upward to the right because, at least in the short run,
efforts to raise output involve rising per unit production costs.

Name: The supply curve slopes upward to the right because, at least in the short run, efforts to raise output involve rising per unit production costs.
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Question

The supply curve slopes upward to the right because, at least in the short run,
 efforts to raise output involve rising per unit production costs.

Quizplus · Accepted Answer

The supply curve slopes upward to the right because as producers increase output, they often face rising marginal costs, leading to higher prices required to supply additional units of the product.

The Supply Curve Slopes Upward to the Right Because, at Least