Exercises · Q8
Q.The slope of a normal demand curve is generally __________, while the slope of a normal supply curve is generally __________.
(a) positive; negative
(b) negative; positive
(c) zero; positive
(d) positive; zero
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Start your 14-day free trial to unlock the full solution →A normal demand curve slopes downward from left to right — as price rises, quantity demanded falls, so the two move in opposite directions, giving a negative slope. A normal supply curve slopes upward from left to right — as price rises, quantity supplied also rises, so the two move together, giving a positive slope.
- (a) positive; negative — incorrect; this reverses the two curves.
- (b) negative; positive — correct. …
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