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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.
What are the reasons for upward sloping supply curve?
What are the functions of Entrepreneur?
Elucidate the Laws of Returns to Scale. Illustrate.
A rightward shift in supply curve shows ______.
Other things remaining unchanged, change in supply due to increase in price is called ______.
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.
With the help of a diagram state whether supply of a good is directly or inversely related to price?
What does the Law of Supply state?
What is supply function?
Why does the Law of Supply not apply to rare goods like antiques and old coins?
Which of the following is an exception to the Law of Supply?
What does the supply curve typically look like according to the Law of Supply?
Which real-life example best illustrates the Law of Supply?
