Which of the following is true the supply curve is negativel

Which of the following is true?

the supply curve is negatively (i.e. downward) sloped

the demand curve is negatively sloped

the supply curve is positively (i.e. upward) sloped

both b and c

Solution

Ans : both b and c

Explanation :

The demand curve is negatively ( i.e. downward ) sloped . It represents an inverse relationship between price and quantity demand.

The supply curve is positively ( i.e. upward )sloped . It represents a direct relationship between price and quantity supply.