The world supply curve slopes upward because, as the world price of a product increases:

Question

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As the world price of a product increases, producers in countries with the ability to produce the product at a lower cost will want to sell a larger quantity in order to take advantage of the higher price and increase their profits. This results in an increase in the quantity supplied at each price level, which causes the world supply curve to slope upward.

The World Supply Curve Slopes Upward Because, as the World