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The market supply curve slopes upwards from left to right indicating that  

Economics
JAMB 2025

The market supply curve slopes upwards from left to right indicating that

 

  • A. two commodities can be supplied at the same time
  • B. producers pay high taxes
  • C. at a lower price, more is supplied
  • D. at a lower price, less is supplied
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Correct Answer: Option D
Explanation

The market supply curve slopes upwards from left to right indicating that at a lower price, less is supplied. This is because
suppliers are willing to supply more of a good at a higher price than at a lower price, hence the upward slope of the supply curve.


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