The supply curve slopes upward when graphed against _______, because of _______.

Name: The supply curve slopes upward when graphed against _______, because of _______.
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Question

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The supply curve slopes upward when graphed against the price of the good because of increasing marginal cost. This reflects the principle that as production increases, the cost to produce each additional unit also increases, leading suppliers to require higher prices for additional units.

The Supply Curve Slopes Upward When Graphed Against _______, Because