The underlying reason early economists believed a (short-run)supply curve would be upward sloping is because of

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The underlying reason early economists believed a (short-run) supply curve would be upward sloping is because of increasing marginal costs. This means that as output increases, the cost of producing each additional unit increases, leading to higher prices needed to cover the costs.

The Underlying Reason Early Economists Believed a (Short-Run)supply Curve Would