A normal supply curve has a positive slope which indicate...
A normal supply curve has a positive slope which indicates that
Sellers are willing to sell more at a lower price
Sellers are indifferent to prices
Sellers are willing to sell more at a higher price
There is always a fixed supply
Correct answer is C
A supply curve will normally slope upwards (positive) because sellers like it when they're selling at higher prices than lower ones. So they're more willing to sell at higher prices than lower ones.
To improve the balance of payment s position in West African countries, there must be ...
In market economies, resources are allocated through the ...
Which of the following is not an objective of the Indigenisaton policy in Nigeria? To ...
The short-run in production is the time period when ...
The efficiency of labour can be increased by ...
A debenture share entitles its holder to ...
Which of the following can cause oil glut in the International market? ...
These are the objectives of industrial strategies in Nigeria EXCEPT ...
A change in the pump price of petrol in Nigeria has a direct effect on the ...