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प्रश्न
The supply of perishable goods like milk, vegetables, fish is ______.
पर्याय
Inelastic
Elastic
Perfectly elastic
None of these
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उत्तर
The supply of perishable goods like milk, vegetables, fish is elastic.
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संबंधित प्रश्न
There are no exceptions to the law of supply.
Distinguish between Expansion of Supply and Increase in Supply.
Distinguish between Contraction of Supply and Decrease in Supply.
Exceptions to the law of supply:
- Constant cost of production
- Constant technique of production
- Does not apply to agricultural goods
- No change in weather conditions
Give economic terms:
Rise in the quantity supplied of a commodity due to a rise in its price, other factors remaining constant −
Find the odd word
Exception to law of supply -
Assertion (A): The supply curve of labour slopes downwards.
Reasoning (R): After a certain point of time, when wage rate rises, the supply of labour (hours of work) tends to fall.
Identify and explain the concept from the given illustration:
Mahesh supplied (sold) more fruits at a comparatively low price due to the perishable nature of fruits.
- Assertion (A): Perishable goods are the exception to the Law of Supply.
- Reasoning (R): Perishable goods are sold in greater quantities only at higher prices.
Discuss any two exceptions to the law of supply.
