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Answer with Reasons Whether You Agree Or Disagree with the Following Statement: the Supply Curve Slopes Downward from Left to Right. - Economics

Answer with reasons whether you agree or disagree with the following statement: 

The supply curve slopes downward from left to right. 

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Solution

No, we do not agree with the statement as supply curve slopes upward from left to right. Supply curve is the graphical presentation of supply schedule showing different quantities of a commodity offered for sale at different prices. It is an upward sloping curve depicting the positive relationship between the price and quantity supplied. If we plot down the following given supply schedule on a graph, we get the following individual supply curve. 

Price
(in Rs)
Quantity Supplied
(in units)
1 10
2 20
3 30
4 40
5 50

Thus, we can see that the supply curve slopes upward from left to right.

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