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प्रश्न
Law of supply states that ______.
विकल्प
There is direct relation between price and supply.
There is inverse relation between price and supply.
There is direct and proportionate relation between price and supply.
None of these
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उत्तर
Law of supply states that there is direct relation between price and supply.
Explanation:
The Law of Supply states that, all else being equal, as the price of a good or service increases, the quantity supplied of that good or service also increases. Conversely, as the price decreases, the quantity supplied decreases. This establishes a direct relationship between price and supply.
संबंधित प्रश्न
State the law of supply.
State and explain the law of supply with exceptions.
State with reason whether you agree or disagree with the following statement:
There is a direct relationship between price and quantity supplied.
The relationship between the price of a commodity and the supply of commodity is
What are the reasons for upward sloping supply curve?
State and explain the elasticity of supply.
Examine the Law of Variable Proportions with the help of a diagram.
Elucidate the Laws of Returns to Scale. Illustrate.
A rightward shift in supply curve shows ______.
The Law of Supply states that other things being constant ______.
Assertion (A): Law of Supply is a qualitative statement.
Reason (R): Law of Supply indicates the magnitude of change in the quantity supplied.
The producers prefer to supply more when prices are ______.
Price and Supply move in the same direction. Justify the statement.
What does the Law of Supply state?
Which of the following is NOT an assumption of the Law of Supply?
What is the relationship between price and quantity supplied described by the Law of Supply?
What does the supply curve typically look like according to the Law of Supply?
