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If the supply curve of the commodity is having a positive slope, a rise in the price of the commodity, results in:

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Question:

If the supply curve of the commodity is having a positive slope, a rise in the price of the commodity, results in:

A.

Increase in supply

B.

Increase in quantity supplied

C.

Decrease in supply

D.

Decrease in quantity supplied

Answer» b. Increase in quantity supplied

Note: The above multiple-choice question is for all general and Competitive Exams in India.