English

The supply curve of good shifts to the right when the price of other goods ______.

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Question

The supply curve of good shifts to the right when the price of other goods ______.

Options

  • Remains constant

  • Rise

  • Fall

  • None of the above

MCQ
Fill in the Blanks
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Solution

Fall

Explanation:

When the price of other items falls, the supply curve of a good shifts to the right. In this instance, producing a given commodity becomes more profitable, and hence its supply increases.

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Chapter 5: Supply - Law of Supply and Price Elasticity of Supply - TEST YOURSELF QUESTIONS [Page 101]

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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 11. | Page 101
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