Advertisements
Advertisements
Question
The continuous rain and lack of fresh supply have affected the availability of tomatoes in India during June - July 2023. What will be the impact on the supply curve for tomatoes?
Options
Supply curve will shift to the right.
Upward movement along the supply curve.
Supply curve will shift to the left.
Downward movement along the supply curve.
Solution
Supply curve will shift to the left.
Explanation:
The supply of tomatoes has decreased owing to factors other than price. The supply curve for tomatoes will shift to the left.
APPEARS IN
RELATED QUESTIONS
Draw a supply curve.
What effect does increased input price have on the supply of a commodity? Draw a diagram in support of your answer.
The diagram shows the supply of cotton clothes which of the following would be the case of movement from A to B?
Identify the elasticities of the supply curves given below.
What will the following cause
Price in Rs. | Quantity supplied in Kgs. |
10 | 15 |
20 | 40 |
When a straight-line supply curve passes through the origin, the elasticity of supply will be ______.
Give two reasons for the positive slope of the supply curve.
If the number of firms producing a particular commodity increases, the market supply of that commodity will be ______.
How does technological progress affect the supply curve of a firm?
How does a increase in the number of firms in a market affect the market supply curve?