Question

When the supply curve is upward-sloping, its slope is ______.

Options

• Positive

• Negative

• First positive then negative

• Zero

Answer 1

When the supply curve is upward sloping, its slope is positive.

Explanation:

The supply curve is usually upward sloping to the right because producers supply more of a good when the price increases. This causes the slope of the supply curve to be positive, indicating that supply increases when the price increases and decreases when the price decreases. This is consistent with the law of supply, which states that there is a positive relationship between the price and supply of a good, other things being equal.