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March 26, 2017

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Why do supply curves slope upward from left to right?
Why don't we sometimes draw them sloping downward from left to right?
Under what conditions would it be sensible to draw a supply curve that is horizontal(perfectly elastic)?
Under what conditions would it be sensible to draw a supply curve that is vertical(perfectly inelastic)?

  • federal college of education special oyo - ,

    Show way supply curve of the firm and industry slope upward to the right

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