Because of the Law of Supply, a supply curve for a product slopes upward.

Name: Because of the Law of Supply, a supply curve for a product slopes upward.
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Question

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The Law of Supply states that as the price of a product increases, the quantity supplied of the product also increases, assuming other factors are constant. This relationship results in a supply curve that slopes upward from left to right.

Because of the Law of Supply, a Supply Curve for a Product