Suppliers are willing to supply a higher quantity only at higher prices because they:

Question

Quizplus · Accepted Answer

As suppliers produce more, they often face increasing marginal costs. This means that producing additional units becomes more expensive, leading to higher opportunity costs for each additional unit supplied. Therefore, suppliers require higher prices to cover these increasing costs and to make supplying the additional quantity worthwhile.

Suppliers Are Willing to Supply a Higher Quantity Only at Higher