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प्रश्न
Price and Supply move in the same direction. Justify the statement.
उत्तर
According to the law of supply, the quantity of a commodity supplied varies directly with its price, assuming all other parameters remain constant.
"The law of supply states that the higher the price, the greater the quantity supplied or lower the price, the smaller the quantity supplied."
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संबंधित प्रश्न
State and explain the law of supply with exceptions.
What are the reasons for upward sloping supply curve?
State and explain the elasticity of supply.
Other things remaining unchanged, change in supply due to increase in price is called ______.
Law of supply states that ______.
Assertion (A): Law of Supply is a qualitative statement.
Reason (R): Law of Supply indicates the magnitude of change in the quantity supplied.
The producers prefer to supply more when prices are ______.
With the help of a diagram state whether supply of a good is directly or inversely related to price?
What does the Law of Supply state?
What is supply function?
