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Upward sloping supply curve?
What is the meaning of upward sloping supply curve?
That means increase or decrease in supply.
thank you
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- 1 decade agoFavorite Answer
The meaning of upward sloping supply curve means that
when the price is higher, the supplier are willing to supply more
in order to make a greater profit.
Source(s): my knowledge - 1 decade ago
It doesn't mean increase or decrease,
but just to tell you when price increases, quantity supplied increases.
It's a normal supply curve.
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