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प्रश्न
Answer the following questions in detail.
What is meant by Supply? State its determinants.
उत्तर
Supply refers to the total amount of a commodity that the seller is willing and able to offer for sale in the market at a particular point of time.
The supply of a commodity is affected by a large number of varying factors. The following are some of the factors that determine supply.
i. Price of the good- With a rise in the price of a good, its supply will rise as the seller is getting a higher price of a good.
ii. Price of related goods- With rise in prices of other goods, the supply of the good in question falls and vice-versa.
iii. Technology of production- With technological improvements, the cost of production falls leading to an increase in supply.
iv. Price of factors of production- If the price of factors rises, the input costs rises, leading to a fall in supply.
v. Government policies- Depending upon the favourable or unfavourable policy decisions, supply changes.
vi. Nature of market- In perfect competition, the supply of a commodity will be more as compared to the supply of good in a monopoly or single seller market.
vii. Expectation of future prices- If the future prices are expected to rise then the supply of a commodity will fall as the producer will hold the goods for future sale.
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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?
What is a supply schedule? What is the effect on the supply of a good when Government gives a subsidy on the production of that good? Explain.
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.
Give reasons or explain the following statements
The relationship between price and supply is positive.
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:
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.
Do you agree or disagree with the following statement? Give reason.
The backward slopping supply curve shown as inverse relationship between supply of labour and wage rate.
State with reason whether you 'agree' or 'disagree' with the following statement.
Supply depends on several factors.
