Slope of supply curve is …………………
(a) Positive
(b) Negative
(c) Both
(d) Parallel
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Explanation:
Slope of supply curve is positive because there is positive relationship between price and supply. When price increases supply increases and price decreases supply decreases.
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The slope of the supply curve is positive.
How slope of the supply curve becomes positive?
- In the supply curve, the price displayed on the left vertical axis, and the number of goods supplied displayed on the horizontal axis
- When the price of any product increased then its quantity is also gets increases
- This curve indicates the market price of any goods and quantity of goods that are supplied in markets
- The price of any good changes then the demand of goods are also change
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