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Question
The shape of supply curve is ______
Options
Downward sloping
Upward sloping
U-shaped
Inverse S-shaped
MCQ
Fill in the Blanks
Solution
The shape of supply curve is Upward sloping.
Explanation:
The supply curve is upward sloping, indicating that as the price of the product rises, so does the quantity supplied, and as the price lowers, so does the quantity supplied.
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