Advertisements
Advertisements
प्रश्न
Explain any one factor that affects the supply of a commodity.
उत्तर
Price of the product is one of the factors which affects the supply of a commodity. When there is an increase in the price of the product and if it is more than the marginal cost of production, it enables a firm to earn more profit by selling at a higher price. Hence, there is an increase in the supply of a product.
APPEARS IN
संबंधित प्रश्न
Why is supply directly proportional to price?
Explain the following:
Creeping inflation
What is the impact of the level of technology on supply?
Printers and ink cartridge are an example of ______ demand.
With the help of a suitable diagram, explain the contraction of supply.
In the percentage increase in the quantity of a commodity is smaller than the percentage fall in its price, the coefficient of price elasticity of demand is ______.
If tea and coffee are substitutes, then bread and butter are examples of ______.
When the percentage change in the quantity supplied of a commodity is exactly equal to the percentage change in its price it is known as ______.
Which of the following statement is not true?
How does demand differ from want?
