OMTEX CLASSES: Supply curve slopes upward from left to right

Supply curve slopes upward from left to right

Yes I do agree with the statement that ‘Supply curve Slopes upward from left to right. This is because,

Supply curve is the graphical representation of a given supply schedule. It shows the variations in the quantity supplied in response to change in price. There exist an direct  relationship between the quantity supplied and the price of a given commodity. The supply curve slopes upwards from left to right. It has positive slope.

The supply curve indicates sellers’ behaviour in response to change in price.