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With an upward-sloping supply curve which of the following is true?

a. An increase in price results in a decrease in quantity supplied.

b. An increase in price results in an increase in supply.

c. A decrease in price results in a decrease in quantity supplied.

d. A decrease in price results in an increase in supply.

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Anne Gillian Duero
Anne Gillian DueroLv10
24 Oct 2020

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