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प्रश्न
State whether the following statement is TRUE and FALSE.
Supply is indirectly related to price.
पर्याय
True
False
MCQ
चूक किंवा बरोबर
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उत्तर
Supply is indirectly related to price. – False
Explanation:
This statement is false, as supply of a good is directly related to price. This is because, higher prices means higher profit prospective for the seller. Accordingly, they prefer to increase sales as the price rise and vice-versa. Thus, supply is directly related to price of the commodity.
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