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If Price Falls, the Supply Curve Will Shift to the Left. - Economics

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प्रश्न

If price falls, the supply curve will shift to the left.

विकल्प

  • True

  • False

MCQ
सत्य या असत्य

उत्तर

False

If price falls, the supply curve will shift to the right.

shaalaa.com
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2015-2016 (March)

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संबंधित प्रश्न

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?


Explain how technological progress is a determinant of supply of a good by a firm.


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? 


Write short answer for the following question :

Explain the increase in supply and decrease in supply.


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 with reasons whether you agree or disagree with the following statement: 

The supply curve slopes downward from left to right. 


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.


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