The fundamental reason why most supply curves are upward sloping is that Group of answer choices a higher price never reduces quantity supplied by enough to lower total revenue and so higher production is motivated. consumers substitute lower-priced goods for higher-priced goods. the quantity supplied increases as more firms enter the market. higher production raises the opportunity costs of production and so price must rise to induce more output.
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Home » Business » The fundamental reason why most supply curves are upward sloping is that Group of answer choices a higher price never reduces quantity supplied by enough to lower total revenue and so higher production is motivated.