Question

supply curve slopes upward from left to right
(agree or disagree with statement)​

Answer 1

The given statement is correct as the supply curve slopes upwards from left to right.

Explanation:

1. A supply curve can be defined as a graphic representation of the supply of any commodity at a given time in the market.
2. A supply curve slopes upwards from left to right. The upward slope of the supply curve shows the positive relationship between the price of the commodity and its quantity supplied in the market.
3. The price of the commodity is shown on the vertical axis of the supply curve whereas the quantity supplied appears on the horizontal axis of the curve.