the basic reason that supply curves slope upward is that?
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The supply curve slopes upward, reflecting the higher price needed to cover the higher marginal cost of production. The higher marginal cost arises because of diminishing marginal returns to the variable factors.
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15b. downward sloping. This is because of the law of diminishing marginal returns which states that if a firm increases the amount of one input (in this case labor) while holding the quantity of other inputs constant, the marginal product of the extra input will decline over time.
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The money demand curve has a  negative slope because an increase in the interest rate decreases the quantity of money demanded. ... An increase in the interest rate causes  a movement up along the money demand curve.
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Firms need to sell their extra output at a higher price so that they can pay the higher marginal cost of production. Hence, decisions to supply are largely determined by the marginal cost of production. The supply curve slopes upward, reflecting the higher price needed to cover the higher marginal cost of production.
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The short-run aggregate supply curve is upward sloping because the quantity supplied increases when the price rises. In the short-run, firms have one fixed factor of production (usually capital ). When the curve shifts outward the output and real GDP increase at a given price.
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What is the relationship between the cost to sellers and the supply curve? Because the supply curve shows the minimum amount sellers are willing to accept for a given quantity, the supply curve represents the cost of the marginal seller. When the price of a good rises, producer surplus increases for two reasons.
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The demand curve is downward sloping, indicating the negative relationship between the price of a product and the quantity demanded. For normal goods, a change in price will be reflected as a move along the demand curve while a non-price change will result in a shift of the demand curve.
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The slope of the budget line is: d) negative, since to purchase more of one good means giving up some of the other good.
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Shifts in a supply curve are usually the result of advances in technology that reduce the input costs of production. Technological advances that improve production efficiency will shift a supply curve to the right. The cost of production goes down, and consumers will demand more of the product at lower prices.
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The demand curve for money shows the quantity of money demanded at each interest rate. Its downward slope expresses the negative relationship between the quantity of money demanded and the interest rate. The relationship between interest rates and the quantity of money demanded is an application of the law of demand.
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In the short-run, the aggregate supply curve is upward sloping because some nominal input prices are fixed and as the output rises, more production processes experience bottlenecks. At low levels of demand, production can be increased without diminishing returns and the average price level does not rise.
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A supply schedule is a table that shows the quantity supplied at different prices in the market. A supply curve shows the relationship between quantity supplied and price on a graph. The law of supply says that a higher price typically leads to a higher quantity supplied.
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The slope of the yield curve provides an important clue to the direction of future short-term interest rates; an upward sloping curve generally indicates that the financial markets expect higher future interest rates; a downward sloping curve indicates expectations of lower rates in the future.
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The firm's supply curve in the short run is its marginal cost curve for prices above the average variable cost. ... If the price is $10 or greater, however, she produces an output at which price equals marginal cost. The marginal cost curve is thus her supply curve at all prices greater than $10.
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** The supply curve is created by graphing the points from the supply schedule and then connecting them. The upward slope of the supply curve illustrates the law of supply—that a higher price leads to a higher quantity supplied, and vice versa.
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No two points on a straight-line demand curve have the same elasticity. ... The reason is that slope and elasticity are different concepts. Slope measures the steepness or flatness of a line in terms of the measurement units for price and quantity. Elasticity measures the relative response of quantity to changes in price.
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-- the negative slope of the demand curve for buyers will mean that the quantity demanded will be less than the equilibrium quantity; -- the positive slope of the supply curve for sellers will mean that the quantity supplied will be greater than the equilibrium quantity; -- hence the quantity supplied will be greater ...