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प्रश्न
Explain any one factor that affects the supply of a commodity.
उत्तर
Price of the product is one of the factors which affects the supply of a commodity. When there is an increase in the price of the product and if it is more than the marginal cost of production, it enables a firm to earn more profit by selling at a higher price. Hence, there is an increase in the supply of a product.
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संबंधित प्रश्न
A list of goods is given below. Stale whether it is fixed capital or circulating capital
- Machines
- Raw material
- Fuel
- Office furniture
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Creeping inflation
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When a straight-line supply curve cuts the y-axis, the elasticity of supply will be ______.
When the percentage change in the quantity supplied of a commodity is exactly equal to the percentage change in its price it is known as ______.
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