QUESTION IMAGE
Question
the upward slope means that there is a ____ relationship between price and quantity supplied.
inverse
direct
rewatch
submit
Brief Explanations
An upward-sloping supply curve shows that as price increases, the quantity supplied by producers also increases, which defines a direct (positive) relationship. An inverse relationship would be seen in a downward-sloping curve, like the demand curve.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
direct