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प्रश्न
How does subsidy influence the supply of a good by a firm? Explain.
उत्तर
Changes in subsidies
When the government provides a subsidy to the producer of goods, there will be an increase in the supply of goods. This is possible because the cost of production decreases and it leads to an increase in profit. The supply curve S shifts leftwards from S1 to S2. It leads to an increase in the supply of good from OQ1 to OQ2, where the price remains constant at OP1.
संबंधित प्रश्न
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.
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When does 'decrease' in supply take place?
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Explain with reasons, whether you agree or disagree with the following statement
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Write short answer for the following question :
Explain the increase in supply and decrease in supply.
Distinguish between :
Percentage method of counting elasticity of demand and Geometric method of counting elasticity of demand.
Answer the following questions in detail.
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Fill in the blank with appropriate alternative given below
Total Revenue ÷ Number of units Sold = ________________ .
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Stock is the source of supply.
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Supply is directly related to price.
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Individual Supply and Market Supply
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Market supply schedule.
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Labour supply curve.
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State with reason whether you 'agree' or 'disagree' with the following statement.
Supply depends on several factors.
