1. An upward sloping supply curve shows that *
O Buyers are willing to pay more for a scare product
O
Suppliers are willing to increase production of their goods if they can receive higher
prices for them
O
Buyers are unaffected by Sellers costs of productions
O
The price of the product is not influenced by the price buyers are willing to pay
O. At higher prices an envy effect begins to affect demand curve
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Answer:
(c) option will be there
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