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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 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 reasons for upward sloping supply curve?
The producers prefer to supply more when prices are ______.
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?
What is the relationship between price and quantity supplied described by the Law of Supply?
