The supply curve shows a(n) ________ relationship between price and quantity and is therefore ________ sloping
A) direct; downward
B) direct; upward
C) inverse; downward
D) inverse; upward
B
Economics
You might also like to view...
What characteristics distinguish private goods from public goods?
Economics
Returns to scale describes the long-run relationship between:
A. the quantity of output and the average variable cost. B. the quantity of output and average total cost. C. the quantity of input and the average variable cost. D. the quantity of input and the average total cost.
Economics