The upward slope of supply and downward slope of demand indicate: Select ALL that apply. Diminishing returns. more is consumed, the marginal benefit...

The upward slope of supply and downward slope of demand indicate:

Select ALL that apply.

• Diminishing returns.

• more is consumed, the marginal benefit of consumption decreases.

• As more is produced, the marginal cost of production decreases.

• As more is consumed, the total benefit of consumption decreases.

• As more is consumed, the marginal benefit of consumption increases.

• As more is produced, the marginal cost of production increases.