Which of the following directions describe the slope of the supply curve?
A) downward and to the left
B) upward and to the right
C) horizontal
D) downward and to the right

Name: Which of the following directions describe the slope of the supply curve? A) downward and to the left B) upward and to the right C) horizontal D) downward and to the right
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Question

Quizplus · Accepted Answer

The slope of the supply curve is upward and to the right, indicating that as the price of a good increases, the quantity supplied also increases.

Which of the Following Directions Describe the Slope of the Supply