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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
Examine the Law of Variable Proportions with the help of a diagram.
Other things remaining unchanged, change in supply due to increase in price is called ______.
Law of supply states that ______.
The Law of Supply states that other things being constant ______.
Explain the law of supply.
What is supply function?
Which statement best expresses the Law of Supply?
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 real-life example best illustrates the Law of Supply?
