Advertisements
Advertisements
प्रश्न
Other things remaining unchanged, change in supply due to increase in price is called ______.
पर्याय
Contraction of supply
Expansion of supply
Decrease in supply
Increase in supply
Advertisements
उत्तर
Other things remaining unchanged, change in supply due to increase in price is called Expansion of supply.
Explanation:
When the price of a commodity increases and other factors remain unchanged, the quantity supplied typically increases as well. This increase in quantity supplied in response to a price increase is referred to as an expansion of supply.
संबंधित प्रश्न
State the law of supply.
The relationship between the price of a commodity and the supply of commodity is
What are the factors governing the elasticity of supply?
Examine the Law of Variable Proportions with the help of a diagram.
Elucidate the Laws of Returns to Scale. Illustrate.
The producers prefer to supply more when prices are ______.
Explain the law of supply.
Price and Supply move in the same direction. Justify the statement.
State and explain the law of supply with the help of a diagram.
What is supply function?
Which statement best expresses the Law of Supply?
Why does the Law of Supply not apply to rare goods like antiques and old coins?
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?
What does the supply curve typically look like according to the Law of Supply?
Which real-life example best illustrates the Law of Supply?
