Advertisements
Advertisements
प्रश्न
State the law of supply.
State the law of supply and explain it with the help of a diagram.
उत्तर १
The law of supply states that other factors being equal, the quantity of a good supplied increases with an increase in the price level and decreases with a decrease in the price level of a good.
उत्तर २
The law of supply states that other factors being equal, the quantity of a good supplied increases with an increase in the price level and decreases with a decrease in the price level of a good.
The supply schedule below shows the positive relationship between price and quantity supplied.
| Price (in Rs) | Quantity Supplied |
| 5 | 100 |
| 10 | 200 |
| 15 | 300 |
SS is the supply curve sloping upwards. When the price increases from Rs. 5 to Rs. 15, the quantity supplied also increases from 100 units to 300 units.
उत्तर ३
Law of supply states the direct relationship between price and quantity supplied, keeping other factors constant.
APPEARS IN
संबंधित प्रश्न
State and explain the law of supply with exceptions.
State with reason whether you agree or disagree with the following statement:
There is a direct relationship between price and quantity supplied.
The relationship between the price of a commodity and the supply of commodity is
What are the factors governing the elasticity of supply?
What are the functions of Entrepreneur?
State and explain the elasticity of supply.
Examine the Law of Variable Proportions with the help of a diagram.
A rightward shift in supply curve shows ______.
Other things remaining unchanged, change in supply due to increase in price is called ______.
Law of supply states that ______.
The Law of Supply states that other things being constant ______.
The producers prefer to supply more when prices are ______.
Price and Supply move in the same direction. Justify the statement.
State and explain the law of supply with the help of a diagram.
What does the Law of Supply state?
What is supply function?
