The upward slope of the supply curve indicates that
Answer Details
The upward slope of the supply curve indicates that more will be supplied as price rises. This means that suppliers are willing to offer a higher quantity of a product or service as the price goes up. As the price of a good or service increases, suppliers are incentivized to produce more of it because they can earn higher profits. In other words, the quantity supplied of a good or service increases as its price rises.