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The supply curve is upward sloping because: as the price increases, the quantity supplied will fall....

The supply curve is upward sloping because:

  1. as the price increases, the quantity supplied will fall.

  2. as the price increases, the suppliers can earn higher levels of profit and hence increases the quantity supplied.

  3. as the price increases, consumers demand less.

  4. as the price increases, so do costs

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