"Supply curves are upward sloping" is a graphical way of saying
A) supply equals demand
B) price and quantity supplied are inversely related
C) price and quantity demanded are directly related
D) price and quantity supplied are directly related
E) price and quantity demanded are inversely related

Question

Quizplus · Accepted Answer

When the supply curve is upward sloping, it means that as the price of a product increases, the quantity supplied of that product also increases. Therefore, price and quantity supplied are directly related.

"Supply Curves Are Upward Sloping" Is a Graphical Way of Saying