Q. Increasing marginal cost of production explains
A) why the supply curve is upsloping.
B) the income effect.
C) the law of demand.
D) why the demand curve is downsloping
✔ Correct Answer: why the supply curve is upsloping.
Exam Insight
-
A) why the supply curve is upsloping.
B) the income effect.
C) the law of demand.
D) why the demand curve is downsloping
✔ Correct Answer: why the supply curve is upsloping.
-
Explore educational articles, current affairs, science, technology, history, politics, business and hundreds of learning resources organized into categories.
Explore the most searched educational topics.
Explore Sarkari Jobs, Admit Cards & Results easily on TutorliV
Practice topic-wise MCQs for competitive exams like SSC, UPSC, Banking & more.