Which of the following best describes why suppliers of handmade bead necklaces are willing to supply higher quantities of necklaces only when the price of necklaces increases?
A) Necklace producers must give up increasingly valuable periods of their day to produce them.
B) The cost of a typical necklace is always increasing.
C) The total cost of production increases as more necklaces are produced.
D) There is no scarcity in the resources that are available to suppliers of necklaces.
Correct Answer:
Verified
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