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प्रश्न
A farmer grows rice and wheat. How will an increase in the price of rice affect the supply of wheat?
उत्तर
Supply curve of rice will shift to the left as rice and wheat are substitute goods and producing wheat is more profitable as compared to producing rice.
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संबंधित प्रश्न
Due to installation of a machine with latest technology, the cost of production has decreased. It will lead to ______.
The following supply curve shifts from SS to S1S1. It may be due to ______.
Match the following and select the correct option.
| Column I | Column II |
| (i) Expansion of supply | (A) Prices are expected to fall in future |
| (ii) Decrease in supply | (B) Fall in prices |
| (iii) Contraction of supply | (C) Prices are expected to rise in future |
| (iv) Increase in supply | (D) Rise in prices |
Mention the impact of advanced technology on the supply of a commodity.
What do you understand by shifts of the supply curve?
If the government of India levies excise duty on sugar, in which direction will the supply of sugar shift?
What is meant by shift in supply curve?
What is meant by 'increase' in supply?
What is 'decrease' in supply?
If a farmer grows rice and wheat, how will a decrease in the price of wheat affect the supply curve of rice?
