An upward-sloping supply curve implies that:
A) quantity supplied increases when price decreases.
B) quantity supplied increases when price increases.
C) the law of supply is invalid.
D) there is no relationship between price and quantity supplied.

Question

Quizplus · Accepted Answer

The Answer of An upward-sloping supply curve implies that:
A) quantity supplied increases when price decreases.
B) quantity supplied increases when price increases.
C) the law of supply is invalid.
D) there is no relationship between price and quantity supplied.

An Upward-Sloping Supply Curve Implies That