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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
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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.
State and explain the law of supply with exceptions.
The relationship between the price of a commodity and the supply of commodity is
What are the reasons for upward sloping supply curve?
What are the factors governing the elasticity of supply?
State and explain the elasticity of supply.
Elucidate the Laws of Returns to Scale. Illustrate.
A rightward shift in supply curve shows ______.
The Law of Supply states that other things being constant ______.
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.
What does the Law of Supply state?
Which of the following is NOT an assumption of 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?
Why does the Law of Supply not apply to rare goods like antiques and old coins?
What is the relationship between price and quantity supplied described by 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?
