Advertisements
Advertisements
प्रश्न
The supply of perishable goods like milk, vegetables, fish is ______.
विकल्प
Inelastic
Elastic
Perfectly elastic
None of these
Advertisements
उत्तर
The supply of perishable goods like milk, vegetables, fish is elastic.
APPEARS IN
संबंधित प्रश्न
There are no exceptions to the law of supply.
Exceptions to the law of supply:
- Constant cost of production
- Constant technique of production
- Does not apply to agricultural goods
- No change in weather conditions
Give economic terms:
Rise in the quantity supplied of a commodity due to a rise in its price, other factors remaining constant −
Downward movement along the same supply curve should ______.
State with reason whether you agree or disagree with the following statement:
The supply curve of labour is backward bending.
State with reason whether you agree or disagree with the following statement:
There are many exceptions to the law of supply.
Identify and explain the concept from the given illustration:
Mahesh supplied (sold) more fruits at a comparatively low price due to the perishable nature of fruits.
- Assertion (A): Perishable goods are the exception to the Law of Supply.
- Reasoning (R): Perishable goods are sold in greater quantities only at higher prices.
Law of supply does not apply to ______.
State one exception to the law of supply.
