Advertisements
Advertisements
Question
The producers prefer to supply more when prices are ______.
Options
Low
High
Negative
Positive
MCQ
Fill in the Blanks
Solution
The producers prefer to supply more when prices are high.
shaalaa.com
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
State and explain the law of supply with exceptions.
What are the functions of Entrepreneur?
State and explain the elasticity of supply.
Examine the Law of Variable Proportions with the help of a diagram.
Law of supply states that ______.
Assertion (A): Law of Supply is a qualitative statement.
Reason (R): Law of Supply indicates the magnitude of change in the quantity supplied.
Price and Supply move in the same direction. Justify the statement.
With the help of a diagram state whether supply of a good is directly or inversely related to price?
What does the Law of Supply state?
What is supply function?