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प्रश्न
Price and Supply move in the same direction. Justify the statement.
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उत्तर
According to the law of supply, the quantity of a commodity supplied varies directly with its price, assuming all other parameters remain constant.
"The law of supply states that the higher the price, the greater the quantity supplied or lower the price, the smaller the quantity supplied."
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संबंधित प्रश्न
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 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 ______.
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?
Which statement best expresses the Law of Supply?
Which of these situations violates the "ceteris paribus" (other things being constant) condition for the Law of Supply?
Which of the following is an exception to the Law of Supply?
