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प्रश्न
What is the impact of the level of technology on supply?
उत्तर
If producers make use of improved and advanced technology in their process of production, their cost of production will reduce. This enables the firm to increase the supply at the current price level.
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संबंधित प्रश्न
Explain any one factor that affects the supply of a commodity.
A list of goods is given below. Stale whether it is fixed capital or circulating capital
- Machines
- Raw material
- Fuel
- Office furniture
What is meant by cost-push inflation?
Define supply.
Explain four causes of inflation.
With the help of a suitable diagram, explain the contraction of supply.
The demand curve which indicates the inverse relationship between price and demand ______.
When a straight-line supply curve cuts the y-axis, the elasticity of supply will be ______.
If tea and coffee are substitutes, then bread and butter are examples of ______.
______ means a wish to have a commodity or source.
