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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.
State with reason whether you agree or disagree with the following statement:
There is a direct relationship between price and quantity supplied.
The relationship between the price of a commodity and the supply of commodity is
What are the functions of Entrepreneur?
A rightward shift in supply curve shows ______.
The Law of Supply states that other things being constant ______.
Explain the law of supply.
State and explain the law of supply with the help of a diagram.
What does the Law of Supply state?
What is supply function?
What happens to the quantity supplied if the price of potatoes rises from ₹1 to ₹5 per kg, according to the supply schedule?
Which of the following is an exception to the Law of Supply?
Which factor is assumed to remain unchanged under the Law of Supply?
Which real-life example best illustrates the Law of Supply?
