Multiple Choice Questions on The shape of supply curve is ........ for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

The shape of supply curve is ........

Economics (CUET) Theory of firm under perfect Competition
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    The shape of supply curve is________________.

     

    Downward sloping

    Incorrect Answer

    Upward sloping
     

    Correct Answer

    U-shaped
     

    Incorrect Answer

    Inverse S-shaped

    Incorrect Answer
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    Explanation:

    Option (2) is correct.
    Explanation: Supply curve is upward sloping which shows that as the price of the commodity rises, quantity supplied also rises and as the price falls, quantity supplied also falls.

     

    By: Parvesh Mehta
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