Upward sloping supply curve?
What is the meaning of upward sloping supply curve?
That means increase or decrease in supply.
- 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.