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Actually, supply curve slops upward 9a positive slope). This is due to the fact that as price rises, suppliers would see more benefit in producing these goods (as being able to make more profit).

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14y ago

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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.


What are the three characteristics of a supply curve?

The three characteristics of a supply curve are the slope, shift, and the curve's position. Together they help determine supply and demand trends.


Supply curve slope downward?

supplycurve is negative slope in decreasing cost industry


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


What does the slope of the supply curve reflect?

Rising Marginal Costs


For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?

For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?


The derivative finds the of a curve?

The gradient of the tangents to the curve.


Why supply curve positively slope?

Increasing population creates increasing demand for goods


What is negaitve slope?

You're familiar with the xy-plane. A line with negative slope is one that goes down toward the right. A curve has a negative slope at a point if the tangent line to the curve at that point has a negative slope.


The upward slope of the supply curve reflects the?

fact that price and quantity supplied are inversely related


What happens to the supply curve when any of these determinants change?

There are many ways in which the supply curve could change when a determinant changes. The supply curve could go down for example.