Answer of Question 5 of Assignment 3 is incorrect

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Dipojjwal Ghosh

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Aug 26, 2021, 2:05:13 PM8/26/21

to Discussion forum for Managerial Economics

Question 3 .If the supply curve of a commodity is positively sloped, a rise in the price of the commodity ceteris paribus results in and is referred to as

Answer : c

decrease in supply

How positive supply curve can give decrease in supply while rise in price.

I think answer is incorrect.

Please correct it and award the marks.

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