Advertisements
Advertisements
प्रश्न
Price and Supply move in the same direction. Justify the statement.
Advertisements
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."
APPEARS IN
संबंधित प्रश्न
State the law of supply.
What are the functions of Entrepreneur?
State and explain the elasticity of supply.
Other things remaining unchanged, change in supply due to increase in price is called ______.
Assertion (A): Law of Supply is a qualitative statement.
Reason (R): Law of Supply indicates the magnitude of change in the quantity supplied.
Explain the law of supply.
State and explain the law of supply with the help of a diagram.
Which of the following is NOT an assumption of the Law of Supply?
Which of these situations violates the "ceteris paribus" (other things being constant) condition for the Law of Supply?
What is the relationship between price and quantity supplied described by the Law of Supply?
