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Chapters
1: Micro and Macro Economics - An Introduction
2: Demand and Law of Demand
3: Elasticity of Demand
4: Theory of Consumer's Behaviour : Cardinal Utility Analysis
5: Theory of Consumer's Behaviour : Indifference Curve Analysis
▶ 6: Supply and Law of Supply
7: Revenue Analysis
8: Cost Theory Analysis
9: Forms of Market
10: Concept of Production and Law of Returns
11: Equilibrium of Firm and Industry Under Perfect Competition
12: Producer's Equilibrium Under Perfect Competition
13: Price Output Under Perfect Competition
14: Price Output Determination Under Monopoly
15: Price Output Determination Under Monopolistic Competition and Oligopoly
Unit 2 : Theory of Income and Employment
16: Basic Concepts of Macro Economics
17: Aggregate Demand and Supply - Determinants of Equilibrium
18: Consumption Function {Propensity to Consume)
19: Concept of Investments-Types and Determinants
20: Multiplier - I : Static and Dynamic
21: Full Employment and Voluntary Unemployment
22: Problems of Deficient Demand and Excesss Demand
23: Measures to Correct Deficient and Excess Demand
Unit 3 : Money and Banking
24: Money - An Introduction
25: Bank and Commercial Bank
26: Central Bank
Unit 4 : International Trade
27: Balance of Payments
28: Foreign Exchange Rate
Unit 5 : Public Finance
29: Fiscal Policy
30: Budget
Unit 6 ; National Income
31: National Income and Circular Flow of Income
32: Concepts of National Income
33: Measurement of National Income
34: National Income and Economic Welfare
![R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 6 - Supply and Law of Supply - Shaalaa.com](/images/economics-english-class-12-isc_6:0ec86a6424ae41d2b0d71f72fec46101.jpg "R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 6 - Supply and Law of Supply")
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Solutions for Chapter 6: Supply and Law of Supply
Below listed, you can find solutions for Chapter 6 of CISCE R. K. Lekhi and P. K. Dhar for Economics [English] Class 12 ISC.
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC 6 Supply and Law of Supply TEST QUESTIONS [Pages 6.17 - 6.19]
What is supply?
Distinguish between supply and stock.
Distinguish between supply and quantity supplied.
Explain the law of supply.
What is meant by elasticity of supply?
What is price unit Elasticity of supply?
When is Elasticity of supply greater than one?
What is the shape of the supply curve?
Explain the following term:
Individual Supply Schedule
What is meant by ‘increase’ in supply?
What is meant by contraction of supply?
What is meant by extension of supply?
Give the formula of elasticity of Supply.
What is ‘decrease’ in supply?
State the degrees of elasticity of supply.
State the formula to measure the elasticity of supply.
State the importance of Elasticity of Supply.
Give any four determinants of elasticity of supply.
State any two factors determining supply.
Distinguish Between:
Increase in supply and Decrease in supply
Distinguish Between:
Expansion of supply and Contraction of supply.
Will you always be ready to sell more if the price of the commodity increases in the market?
Supply is more responsive to price in the long period compared to the short period. Why?
Distinguish between supply and quantity supplied.
What is individual supply?
What is market supply?
What is a supply schedule?
Explain the following term:
Individual Supply Schedule
Write a short note on the following:
Market supply schedule.
What is a supply curve?
What do you mean by the following concept?
Individual Supply Curve
What do you mean by the following concept?
Market Supply Curve
LONG ANSWER QUESTIONS
Define supply.
Explain the determinants of supply?
Give reasons for the change in supply.
Examine the concept of the law of supply.
Explain any four exceptions to the law of supply.
What is meant by elasticity of supply?
Give the usefulness of elasticity of supply.
Define or explain the following concept:
Elasticity of Supply
How is elasticity of supply measured according to the percentage method?
Distinguish between Contraction of Supply and Decrease in Supply.
Distinguish between a change in quantity supplied and a change in supply.
Define price elasticity of supply.
Draw the supply curve of the following situation:
Elasticity of supply = 0
Draw supply curve of the following situation:
Elasticity of supply = ∞
With the help of diagrams, explain the relationship between time period and supply.
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC 6 Supply and Law of Supply EXAMINATION CORNER [Page 6.20]
Mention two factors other than price, which influence the supply of a commodity.
What is the price elasticity associated with the straight line supply curve passing through the origin? Explain with a diagram.
Define price elasticity of supply.
Draw the supply curve of the following situation:
Elasticity of supply = 0
Draw supply curve of the following situation:
Elasticity of supply = ∞
With the help of diagrams, explain the relationship between time period and supply.
State and explain the law of supply.
Mention two assumptions of the law of supply.
Discuss any two exceptions to the law of supply.
Distinguish between supply and stock.
Give two differences between intended supply and actual supply.
State what causes movement along the supply curve and show it diagrammatically.
Draw the supply curve of a perishable commodity. Give a reason for the shape of the supply curve.
Draw the supply curve showing price elasticity of supply equal to one.
Draw the supply curve showing price elasticity of supply less than one.
Draw a straight line supply curve of the following situation.
More than unitary elastic
Explain the supply function.
Explain the law of supply.
Discuss how change in technology affects the supply of a commodity.
Discuss any two exceptions to the law of supply.
Define increase in supply.
Distinguish between expansion of supply and increase in supply.
Distinguish between contraction and decrease in supply.
Why is the supply curve of labour backward sloping? Explain with the help of a diagram.
Discuss how the supply of labour is an exception to the law of supply. Justify the statement using a diagram.
Explain the geometric method of calculating the elasticity of supply.
Derive a market supply curve from two hypothetical individual supply schedule.
How is elasticity of supply different from supply of a commodity?
What are the factors on which the supply of a commodity depends? Discuss them briefly.
What are the reasons for upward sloping supply curve?
Technological advancement leads to cost saving.
Mention the impact of advanced technology on the supply of a commodity.
Solutions for 6: Supply and Law of Supply
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 6 - Supply and Law of Supply
Shaalaa.com has the CISCE Mathematics Economics [English] Class 12 ISC CISCE solutions in a manner that help students grasp basic concepts better and faster. The detailed, step-by-step solutions will help you understand the concepts better and clarify any confusion. R. K. Lekhi and P. K. Dhar solutions for Mathematics Economics [English] Class 12 ISC CISCE 6 (Supply and Law of Supply) include all questions with answers and detailed explanations. This will clear students' doubts about questions and improve their application skills while preparing for board exams.
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Concepts covered in Economics [English] Class 12 ISC chapter 6 Supply and Law of Supply are Determinants of Supply, Movements Along and Shifts in Supply Curve, Measurement of Elasticity of Supply, Concept of Supply, Law of Supply, Price Elasticity of Supply, Categories (Degrees) of Elasticity of Supply.
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