answersLogoWhite

0

Supply curves slope up and to the right.

As the price goes up, suppliers are willing to produce MORE product.

Conversely, as the price goes up, consumers demand LESS of a good or service.

As a result, the demand curve slops down and to the right.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

Why does a demand curve downwards from left to right?

A demand curve slopes downward left to right because the relationship between price and demand is negative - as price drops demand rises. The opposite is true for a supply curve where as price rises supply rises - the relationship is positive so the supply curve slopes upward from left to right. Nova net answer- because demand decreases as price increases


In which direction does the supply curve slope from the left to the right?

upward


In which direction does the supply curve slope from left to the right?

upward


Why does a demand curve slope downward from left to to right?

A demand curve slopes downward left to right because the relationship between price and demand is negative - as price drops demand rises. The opposite is true for a supply curve where as price rises supply rises - the relationship is positive so the supply curve slopes upward from left to right. Nova net answer- because demand decreases as price increases


Why does a demand curve slope downward left to right?

A demand curve slopes downward left to right because the relationship between price and demand is negative - as price drops demand rises. The opposite is true for a supply curve where as price rises supply rises - the relationship is positive so the supply curve slopes upward from left to right. Nova net answer- because demand decreases as price increases


Why Demand Curve slopes downward from left to right?

why demand curve slopes downward from left to the right


What direction does the supply curve slope from the left to right?

Supply curves do not always slope from left to right. A supply curve can slope from the right and when this happens this means that there is a surplus of goods at a lower price.


Slope of indifference curve?

indifference curves slopes downward to the right


As you move from left to right the aggregate demand curve?

slopes downward


Will a technological advance shift the supply or demand curve?

it will shift the supply curve to the right


How does an increase in supply affect the market equilibrium when the supply curve shifts to the right?

When the supply curve shifts to the right, it means there is an increase in supply. This leads to a lower equilibrium price and a higher equilibrium quantity in the market.


How does a supply curve illustrate the law of supply?

it always rises from left to right