Question

what is the slope of supply curve?​

Answer 1

In most cases, the supply curve is drawn as a slope rising upward from left to right, since product price and quantity supplied are directly related (i.e., as the price of a commodity increases in the market, the amount supplied increases).

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Answer 2

Answer:

The slope is defined as the change in the variable on the y-axis divided by the change in the variable on the x-axis, the slope of the supply curve equals the change in price divided by the change in quantity. It is best explained as a representation of the correlation between the cost of a good or service and the quantity supplied for a given period.