What does positively sloping supply curve show ?

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Question:
What does positively sloping supply curve show ?

1.Direct relationship between price and quantity Supplied

2.Inverse relationship between price and quantity Supplied

3.Direct relationship between quantity produced and quantity supplied

4.Direct relationship between quantity stored and quantity supplied

Posted Date:-2022-01-21 16:06:29

More MCQS Questions and answers

  1. A modem garment factory where one person takes the measurement, another does the cuting, some few the clothes while a few workers button them and other iron them'-the example in the above statement is which type of division of above ?
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  4. How would you define the expenditure incurred by the firm to promote the sale of its product through various sales promotional measures?
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  8. In which law of economics, price is inversely related to its demand?
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  13. Skilled labourers are those who has ___________for a particular profession.
  14. The factor of production characterized by high rate of mobility is:
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  18. What does positively sloping supply curve show ?
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  20. What would you call the curve which shows the relation between the price of a commodity, and the amount of that commodity the supplier wishes to supply ?
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  22. What would you call the increase in quantity supplied due rise in its price?
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  24. What would you call the total quantity of a commodity that can be brought into the market for sale at a short notice?
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