Complete the following statement

1) When the supply curve is upward sloping, it’s slope is _______.
a) positive
b) negative
c) first positive then negative
d) Zero
Ans:- a) positive

2) An upward movement along the same supply curve shows _______.
a) contraction of supply
b) decrease in supply
c) expansion of supply
d) increase in supply
Ans:- c) expansion of supply

3) A rightward shift in supply curve shows _______.
a) Contraction of supply
b) Decrease in supply
c) Expansion of supply
d) Increase in supply
Ans:- d) Increase in supply

4) Other factors remain constant, when less quantity is supplied only due to a fall in price, it shows ________.
a) Contraction of supply
b) Decrease in supply
c)Expansion of supply
d) Increase in supply
Ans:- a) Contraction of supply

5) Net addition made to the total revenue by selling an extra unit of a commodity is ______.
a) Total Revenue
b) Marginal Revenue
c) Average Revenue
d)Marginal Cost
Ans:- b) Marginal Revenue