Upward sloping supply curve?

What is the meaning of upward sloping supply curve?

That means increase or decrease in supply.

thank you

2 Answers

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  • 1 decade ago
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    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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