Advertisements
Advertisements
Question
Give one reason for an “increase” in supply of a commodity.
Solution
'A rise in the price of inputs' can be one of the reasons for an increase in the supply of a commodity.
APPEARS IN
RELATED QUESTIONS
A producer supplies 80 units of a good at a price of Rs 10 per unit. Price elasticity of supply is 4. How much will he supply at Rs 9 per unit?
What is perfectly elastic supply?
When price of a good raises from Rs 12 per unit to Rs 15 per unit the producer supplies 50 per cent more output. What is the price elasticity of supply? Calculate.
Explain the effect of technological progress on supply of a good.
State whether the following statement is true or false :
Supply of perishable goods is inelastic.
Give reason or explain the following statement:
A monopolist can control the supply of goods .
Define or explain the following concepts (Any THREE):
Stock
Fill in the blank with appropriate alternatives given in the bracket:
________ is one of the determinants of aggregate supply.
Fill in the blank with appropriate alternative given below
When the price rises, there is __________ of supply.
State whether the following statement is TRUE and FALSE.
Geometric Method is also known as Point Method.
Define or explain the following concept:
Output
Define or explain the following concept:
Elasticity of Supply
Give reason or explain:
Stock can exceed supply.
Give reason or explain:
When price rises, supply expands.
Answer the following question:
What are the exceptions to the law of supply?
Answer the following about 200 to 250 words
State and explain the law of supply. What are the exceptions to this law?
Observe the following table and answer the questions:
Supply schedule of chocolates
| Price in ₹ | Quantity supplied in units |
| 10 | 200 |
| 15 | ______ |
| 20 | 300 |
| 25 | 350 |
| 30 | ______ |
| 35 | ______ |
| 40 | ______ |
- Complete the above supply schedule.
- Draw a diagram for the above supply schedule.
- State the relationship between price and quantity supplied.
Identify & explain the concept from the given illustration.
Amar sells 50 dozens of mangoes daily at ₹ 300/- per dozen.
