Advertisements
Advertisements
प्रश्न
Which of these situations violates the "ceteris paribus" (other things being constant) condition for the Law of Supply?
विकल्प
Costs of production stay the same
The firm's product line does not change
Technology used in production improves
Prices of related goods remain constant
MCQ
Advertisements
उत्तर
Technology used in production improves.
Explanation:
A change in technology is an exception to the law’s assumptions, as it can affect supply independent of price.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
