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 with reason whether you agree or disagree with the following statement:
There is a direct relationship between price and quantity supplied.
What are the reasons for upward sloping supply curve?
What are the factors governing the elasticity of supply?
What are the functions of Entrepreneur?
Examine the Law of Variable Proportions with the help of a diagram.
Elucidate the Laws of Returns to Scale. Illustrate.
The Law of Supply states that other things being constant ______.
Explain the law of supply.
Price and Supply move in the same direction. Justify the statement.
With the help of a diagram state whether supply of a good is directly or inversely related to price?
State and explain the law of supply with the help of a diagram.
Which statement best expresses the Law of Supply?
Which of these situations violates the "ceteris paribus" (other things being constant) condition for the Law of Supply?
Which of the following is an exception to 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?
