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Figure: Demand and Supply
-(Figure: Demand and Supply) Look at the figure Demand and Supply. The slope of the curve labeled S is:
A)-1.
B)0.
C)1.
D)1.3.

Question

Use the following to answer questions :
Figure: Demand and Supply 
-(Figure: Demand and Supply) Look at the figure Demand and Supply. The slope of the curve labeled S is:
A)-1. 
B)0. 
C)1. 
D)1.3.

Quizplus · Accepted Answer

The slope of a supply curve is positive because as the price of a good increases, suppliers are willing to produce more of it. In this diagram, the slope of the supply curve labeled S is 1, indicating that for every $1 increase in price, the quantity supplied increases by 1 unit.

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