Advertisements
Advertisements
Question
Distinguish between the following:
Individual Supply and Market Supply
Solution
-
Individual SupplyMarket SupplyIt represents the quantities supplied, at different prices, by an individual firm or producer.It represents the aggregate quantities, supplied at different prices, by all the firms or producers.The individual supply curve is relatively steeper.The market supply curve is relatively flatter.
APPEARS IN
RELATED QUESTIONS
If price falls, the supply curve will shift to the left.
Explain the distinction between “change in quantity supplied’ and “change in supply”. Use diagram.
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.
State with reason whether you agree or disagree with the following statements. (any Three)
Supply curve slope upward from left to right.
Give reasons or explain the following statements
The relationship between price and supply is positive.
Answer the following questions in detail.
What is meant by Supply? State its determinants.
Answer with reasons whether you agree or disagree with the following statement:
The supply curve slopes downward from left to right.
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:
Supply is directly related to price.
Give reason or explain:
The supply of agricultural commodity is relatively inelastic.
Write short note on the following:
Market supply schedule.
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.
