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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 factors governing the elasticity of supply?
What are the functions of Entrepreneur?
State and explain the elasticity of supply.
Elucidate the Laws of Returns to Scale. Illustrate.
A rightward shift in supply curve shows ______.
The Law of Supply states that other things being constant ______.
The producers prefer to supply more when prices are ______.
State and explain the law of supply with the help of a diagram.
What is supply function?
