Which of the following statements about a supply curve is FALSE?
A) It shows a direct (positive) relationship between price and quantity supplied.
B) It shows the quantity supplied at each specific price.
C) It typically slopes downward to the right.
D) It has a positive slope.

Question

Quizplus · Accepted Answer

The supply curve typically slopes upward to the right, indicating that as the price increases, the quantity supplied also increases. This is the opposite of a demand curve, which slopes downward to the right.

Which of the Following Statements About a Supply Curve Is