Advertisements
Advertisements
प्रश्न
Price and Supply move in the same direction. Justify the statement.
Advertisements
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."
APPEARS IN
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.
Law of supply states that ______.
Assertion (A): Law of Supply is a qualitative statement.
Reason (R): Law of Supply indicates the magnitude of change in the quantity supplied.
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 happens to the quantity supplied if the price of potatoes rises from ₹1 to ₹5 per kg, according to the supply schedule?
What is the relationship between price and quantity supplied described by the Law of Supply?
Which factor is assumed to remain unchanged under the Law of Supply?
