Homework answers / question archive / 1)The line on a supply curve moves: a) upward and to the left b) upward and to the right c) downward and to the left d) downward and to the center 2)Which of the following is not true about the short-run market supply curve? a) It is upward sloping

1)The line on a supply curve moves: a) upward and to the left b) upward and to the right c) downward and to the left d) downward and to the center 2)Which of the following is not true about the short-run market supply curve? a) It is upward sloping

Economics

Share With

1)The line on a supply curve moves:

a) upward and to the left

b) upward and to the right

c) downward and to the left

d) downward and to the center

2)Which of the following is not true about the short-run market supply curve?

a) It is upward sloping.

b) It is a smooth curve when there are only a few firms in the market.

c) It is the horizontal summation of the individual firms' short-run supply curves.

d) It describes the total output of all the firms in the market at each price level.