Fill in the blanks: The quantity supplied is positively related to the price because firms supplying goods

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The quantity supplied is positively related to the price because firms supplying goods and services want to increase their _____________ and because increasing _____________ costs mean that the suppliers will require _____________ prices to induce them to increase their output.

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Exploring Economics

ISBN: 9780324395464

4th Edition

Authors: Robert L. Sexton

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