Advertisements
Advertisements
Question
When does 'decrease' in supply take place?
Solution
A decrease in supply is caused by adverse change in the factors other than own price of the good. It includes fall in efficiency of technology and increase in factor prices. Diagrammatically, it is shown as a backward shift in the supply curve.
APPEARS IN
RELATED QUESTIONS
If price falls, the supply curve will shift to the left.
Examine the effect of (a) fall in the own price of good X and (b) rise in tax rate on good X, on the supply curve. Use diagrams.
How does subsidy influence the supply of a good by a firm? Explain.
Distinguish between the following.
Percentage method of measuring the elasticity of supply and Geometric method of measuring the elasticity of supply.
What is meant by ‘increase’ in supply?
State with reason whether you agree or disagree with the following statements. (any Three)
Supply curve slope upward from left to right.
Distinguish between :
Percentage method of counting elasticity of demand and Geometric method of counting elasticity of demand.
Give reasons or explain the following statements
The relationship between price and supply is positive.
Answer the following questions in detail.
What is meant by Supply? State its determinants.
Answer with reasons whether you agree or disagree with the following statement:
The supply curve slopes downward from left to right.
Fill in the blank with appropriate alternative given below
Total Revenue ÷ Number of units Sold = ________________ .
State whether the following statement is TRUE and FALSE.
Stock is the source of supply.
State whether the following statement is TRUE and FALSE.
Supply is indirectly related to price.
State whether the following statement is TRUE and FALSE.
Supply for perishable goods is inelastic.
Give reason or explain:
Supply is directly related to price.
Write short note on the following:
Market supply schedule.
Write short note on the following:
Change in supply.
Write short note on the following:
Labour supply curve.