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14 August, 23:21

Which of the following is true about the short-run aggregate supply curve.

Select the correct answer below:

A. It is vertical

B. It is always a horizontal line

C. It is downward sloping

D. It is upward sloping

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Answers (1)
  1. 14 August, 23:48
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    The correct answer is letter "D": It is upward sloping.

    Explanation:

    The short-run Aggregate Supply Curve is upward sloping because it establishes a directly proportional relationship between quantity supplied and prices. It means, as soon as the quantity supplied increases so will the price. Besides, it considers production has a fixed factor which in most cases is capital.
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Home » Business » Which of the following is true about the short-run aggregate supply curve. Select the correct answer below: A. It is vertical B. It is always a horizontal line C. It is downward sloping D. It is upward sloping
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