Advertisements
Advertisements
Question
Give reasons or explain the following statement:
Supply cannot exceed stock.
Solution
Stock is the total amount of goods that are available with the seller for sale in the market at a given point of time. Whereas, supply refers to the total sales of the goods by the producer. In other words, we can say that while stock is the total amount of goods available for sale, supply is the part of stock which the sellers are actually willing to sell in the market at the given price. Thus, supply cannot exceed stock as the total sales cannot be more than the goods produced or available for sale.
APPEARS IN
RELATED QUESTIONS
Price discrimination
Define market supply.
Explain the factor Input prices that can cause a change in supply.
Explain how input prices are a determinant of supply of a good by a firm.
Define ‘Market-supply’. What is the effect on the supply of a good when Government imposes a tax on the production of that good? Explain.
Give reasons or Explain the following statements. (Any Three)
Agricultural goods are exceptions to the law of supply.
Write Explanatory answer. (Any Two )
What do you mean by aggregate supply? Explain deteminants of aggregate supply?
State with reasons, whether you Agree or Disagree with the following statements.:
Market supply depends upon price only.
State Whether the following statements are TRUE or FALSE:
Due to the use of modern production technique supply will decrease.
Choose the correct answer :
In the long term supply becomes _________.
Give reasons or explain the following statement:
Due to speedy transport supply increases.
Fill in the blank with appropriate alternative given below
_________________________ determines the potential supply.
Define or explain the following concept:
Marginal Cost
Define or explain the following concept:
Average Revenue
Write short note on the following:
Percentage method.
Answer the following question:
Explain the concept of Total Cost, Average Cost and Marginal Cost.
