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Question
why does the supply curve slope upward? the relationship between technology and production efficiency is positive. the relationship between supply and demand is positive. the relationship between consumer income and spending is positive. the relationship between price and quantity supplied is positive.
The supply curve graphs price (vertical axis) against quantity supplied (horizontal axis). An upward slope means as price rises, quantity supplied rises, which is a positive relationship between these two variables. The other options describe unrelated economic relationships.
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The relationship between price and quantity supplied is positive.