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Fill in the Blank with Appropriate Alternative Given Below _________________________ Determines the Potential Supply. - Economics

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Question

Fill in the blank with appropriate alternative given below

_________________________ determines the potential supply.

Options

  • Stock

  • Output

  • Supply

  • Flow

MCQ

Solution

Stock determines the potential supply.

Explanation:
Stock is the amount of goods that are available with the seller, for sale, at a given point of time. Thus, we can say that stock determines the potential supply.

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Chapter 5: Producer's Behaviour - Exercise 1 [Page 44]

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Micheal Vaz Economics [English] 12 Standard HSC
Chapter 5 Producer's Behaviour
Exercise 1 | Q 1.1 | Page 44

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