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All normal supply curves have a positive slope that goes up when you read the diagram from left to right. False

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Ezequiel avanzado · Tutor durante 1 años
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False. The statement is incorrect. In economics, a normal supply curve typically has a positive slope, meaning that as the price increases, the quantity supplied also increases. This is because suppliers are generally willing to supply more of a good or service when the price is higher, as it allows them to earn more profit. Therefore, when you read a supply curve from left to right, it generally slopes upwards, indicating that the quantity supplied increases as the price increases.