A. a negative slope
B. a positive slope
C. a backward sloping supply curve
D. short-run supply curve
Correct Answer: Option B
B. a positive slope
Explanation
A supply curve shows a graphical illustration or diagrammatic representation of a supply schedule and slopes upwards from left to the right indicating a positive slope.
A supply curve sloping upwards from left to right or sloping downward from right to left.
300 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…