An upward-sloping supply curve shows that a. buyers are willing to pay more for particularly scarce products.
Question:
An upward-sloping supply curve shows that
a. buyers are willing to pay more for particularly scarce products.
b. suppliers expand production as the product price falls.
c. suppliers are willing to increase production of their goods if they receive higher prices for them.
d. buyers are willing to buy more as the product price falls.
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