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Graphical representation of various quantities of a commodity which all the producers are willing to produce and sell at different prices during a given period is known as ______. - Economics

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Question

Graphical representation of various quantities of a commodity which all the producers are willing to produce and sell at different prices during a given period is known as ______.

Options

  • individual supply curve

  • market supply curve

  • demand curve of the firms

  • buyers’ demand curve

MCQ
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Solution

Graphical representation of various quantities of a commodity which all the producers are willing to produce and sell at different prices during a given period is known as market supply curve.

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Chapter 5: Supply - Law of Supply and Price Elasticity of Supply - TEST YOURSELF QUESTIONS [Page 95]

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Frank Economics [English] Class 12 ISC
Chapter 5 Supply - Law of Supply and Price Elasticity of Supply
TEST YOURSELF QUESTIONS | Q 3. | Page 95
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