Advertisements
Advertisements
Question
The relationship between the price of a commodity and the supply of commodity is
Options
Negative
Positive
Zero
Increase
Advertisements
Solution
Positive
APPEARS IN
RELATED QUESTIONS
State the law of supply.
State with reason whether you agree or disagree with the following statement:
There is a direct relationship between price and quantity supplied.
State and explain the elasticity of supply.
Elucidate the Laws of Returns to Scale. Illustrate.
A rightward shift in supply curve shows ______.
Other things remaining unchanged, change in supply due to increase in price is called ______.
Law of supply states that ______.
The Law of Supply states that other things being constant ______.
The producers prefer to supply more when prices are ______.
Explain the law of supply.
Price and Supply move in the same direction. Justify the statement.
State and explain the law of supply with the help of a diagram.
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?
Which factor is assumed to remain unchanged under the Law of Supply?
What does the supply curve typically look like according to the Law of Supply?
