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प्रश्न
Price and Supply move in the same direction. Justify the statement.
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उत्तर
According to the law of supply, the quantity of a commodity supplied varies directly with its price, assuming all other parameters remain constant.
"The law of supply states that the higher the price, the greater the quantity supplied or lower the price, the smaller the quantity supplied."
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संबंधित प्रश्न
State and explain the law of supply with exceptions.
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.
Examine the Law of Variable Proportions with the help of a diagram.
The Law of Supply states that other things being constant ______.
What does the Law of Supply state?
Which statement best expresses 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?
Which of these situations violates the "ceteris paribus" (other things being constant) condition for the Law of Supply?
