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Yes, it is possible to construct a supply schedule for a specific good that is not upward sloping, particularly in cases of certain market conditions or interventions. For instance, a backward-bending supply curve may occur in labor markets where higher wages can lead to a decrease in the quantity of labor supplied as individuals prioritize leisure over work. Additionally, during periods of price controls or subsidies, the supply may not respond in the typical upward-sloping manner. Thus, while the general trend is upward sloping, exceptions exist under specific circumstances.

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2mo ago

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