When some resources used in production are only available in limited quantities,what is the likely shape of the long-run supply curve in a competitive market

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When resources used in production are only available in limited quantities, the long-run supply curve is likely to be upward sloping because as the demand for the product increases, producers will have to use more expensive or less efficient methods to produce the same quantity of goods, resulting in higher production costs and higher prices. This causes the quantity supplied to increase at higher prices, resulting in an upward sloping supply curve.

When Some Resources Used in Production Are Only Available in Limited