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प्रश्न
Answer with reasons whether you agree or disagree with the following statement:
The supply curve slopes downward from left to right.
उत्तर
No, we do not agree with the statement as supply curve slopes upward from left to right. Supply curve is the graphical presentation of supply schedule showing different quantities of a commodity offered for sale at different prices. It is an upward sloping curve depicting the positive relationship between the price and quantity supplied. If we plot down the following given supply schedule on a graph, we get the following individual supply curve.
| Price (in Rs) |
Quantity Supplied (in units) |
| 1 | 10 |
| 2 | 20 |
| 3 | 30 |
| 4 | 40 |
| 5 | 50 |
Thus, we can see that the supply curve slopes upward from left to right.
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संबंधित प्रश्न
If price falls, the supply curve will shift to the left.
Explain the distinction between “change in quantity supplied’ and “change in supply”. Use diagram.
Examine the effect of (a) fall in the own price of good X and (b) rise in tax rate on good X, on the supply curve. Use diagrams.
Given saving curve, derive consumption curve and state the steps in doing so. Use diagram.
When does ‘increase’ in supply take place?
When does 'decrease' in supply take place?
How does change in per unit tax influence the supply of a good by a firm? Explain.
How does subsidy influence the supply of a good by a firm? Explain.
Explain with reasons, whether you agree or disagree with the following statement
The supply curve of labour bends backwards
Distinguish between the following.
Percentage method of measuring the elasticity of supply and Geometric method of measuring the elasticity of supply.
What is meant by ‘increase’ in supply?
What is a supply schedule? What is the effect on the supply of a good when Government gives a subsidy on the production of that good? Explain.
State with reason whether you agree or disagree with the following statements. (any Three)
Supply curve slope upward from left to right.
Distinguish between :
Percentage method of counting elasticity of demand and Geometric method of counting elasticity of demand.
Give reasons or explain the following statements
The relationship between price and supply is positive.
Answer the following questions in detail.
What is meant by Supply? State its determinants.
Fill in the blank with appropriate alternative given below
Total Revenue ÷ Number of units Sold = ________________ .
State whether the following statement is TRUE and FALSE.
Stock is the source of supply.
State whether the following statement is TRUE and FALSE.
Supply is indirectly related to price.
State whether the following statement is TRUE and FALSE.
Supply for perishable goods is inelastic.
Give reason or explain:
Supply is directly related to price.
Give reason or explain:
The supply of agricultural commodity is relatively inelastic.
Distinguish between the following:
Individual Supply and Market Supply
Write short note on the following:
Market supply schedule.
Write short note on the following:
Change in supply.
Write short note on the following:
Labour supply curve.
State with reason whether you 'agree' or 'disagree' with the following statement.
Supply depends on several factors.
