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![SCERT Maharashtra solutions for Economics [English] 12 Standard HSC chapter 4 - Supply Analysis - Shaalaa.com](/images/economics-english-12-standard-hsc_6:5f2b1b2038084cf381bfa42c826a928c.jpg "SCERT Maharashtra solutions for Economics [English] 12 Standard HSC chapter 4 - Supply Analysis")
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Solutions for Chapter 4: Supply Analysis
Below listed, you can find solutions for Chapter 4 of Maharashtra State Board SCERT Maharashtra for Economics [English] 12 Standard HSC.
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 4 Supply Analysis Choose the correct option
Choose the correct option
Statements related to the concept of stock.
- It is the total quantity of a commodity available with the seller at a particular point in time.
- By increasing production, stock can be increased.
- Normally, stock exceeds supply.
- Stock is a flow concept.
a, b, c, d
a, b, c
only b
a, b
Exceptions to the law of supply:
- Constant cost of production
- Constant technique of production
- Does not apply to agricultural goods
- No change in weather conditions
a, b, c, d
a, b, c
only c
a, b
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 4 Supply Analysis Complete the correlation
Complete the correlation
Total cost : TFC + TVC :: Average cost : _______
Complete the correlation:
Expansion of supply : Price rises :: Contraction of supply : _______
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 4 Supply Analysis Give economic terms
Give economic terms
Give economic terms:
Rise in the quantity supplied of a commodity due to a rise in its price, other factors remaining constant −
Give economic term:
Net addition made to the total cost by producing one more unit of output.
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 4 Supply Analysis Find the odd word
Find the odd word
Exception to law of supply -
Urgent need for cash
Perishable goods
Agricultural goods
Prestige goods
Find the odd word
Cost concepts -
Total Cost
Marginal Cost
Average Cos
Production Cost
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 4 Supply Analysis Complete the following statements
Complete the following statements
Downward movement along the same supply curve should ______.
contraction of supply
decrease in supply
expansion of supply
increase in supply
Net addition made to total cost by producing one more unit of output is ______.
average cost
marginal cost
total cos
variable cost
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 4 Supply Analysis Assertion and Reasoning type questions
Assertion and Reasoning type questions
Assertion (A): Without stock, supply is not possible.
Reasoning (R): Stock is the source of supply.
(A) is True but (R) is False.
(A) is False but (R) is True.
Both (A) and (R) are True and (R) is the correct explanation of (A).
Both (A) and (R) are True and (R) is not the correct explanation of (A).
Assertion (A): The supply curve of labour slopes downwards.
Reasoning (R): After a certain point of time, when wage rate rises, the supply of labour (hours of work) tends to fall.
(A) is True but (R) is False.
(A) is False but (R) is True.
Both (A) and (R) are True and (R) is the correct explanation of (A).
Both (A) and (R) are True and (R) is not the correct explanation of (A).
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 4 Supply Analysis Identify & explain the concepts from the given illustrations
Identify & explain the concept from the given illustration.
Amar sells 50 dozens of mangoes daily at ₹ 300/- per dozen.
Identify & explain the concept from the given illustration.
Ajay’s papad and pickle producing unit incurred expenditure of ₹ 50,000/- on machinery, ₹ 1,00,000/- towards rent and ₹ 2,00,000/- on wages for the workers during 2018-19.
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 4 Supply Analysis Distinguish Between
Distinguish between:
Stock and Supply
Distinguish Between:
Expansion of supply and Contraction of supply
Distinguish Between:
Increase in supply and Decrease in supply
Distinguish Between
Total cost and Total revenue
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 4 Supply Analysis Answer the following
Explain any four exceptions to the law of supply
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 4 Supply Analysis State with reasons whether you agree or disagree with the following statements
State with reason whether you agree or disagree with the following statement:
The supply curve of labour is backward bending.
Agree
Disagree
State with reason whether you agree or disagree with the following statement:
There is a direct relationship between price and quantity supplied.
State with reason whether you agree or disagree with the following statement:
There are many exceptions to the law of supply.
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 4 Supply Analysis TABLES
4 MARKS EACH CORRECT ANSWER
Study the following table, figure, passage and answer the question given below it.
| Price in Rs. | Quantity supplied |
| 10 | 300 |
| 20 | ______ |
| 30 | 400 |
| 40 | 450 |
| 50 | ______ |
| 60 | 550 |
| 70 | 600 |
- Complete the above table (1m)
- State the relationship between Price and quantity supplied (1m)
- Draw supply curve based on above supply schedule (2m)
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 4 Supply Analysis Answer in detail
State and explain the law of supply with exceptions.
Solutions for 4: Supply Analysis
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC chapter 4 - Supply Analysis
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Concepts covered in Economics [English] 12 Standard HSC chapter 4 Supply Analysis are Supply, Concept of Total Output and Stock, Concept of Supply - Supply Schedule and Supply Curve, Law of Supply, Determinants of Supply, Assumptions of the Law of Supply, Exceptions to the Law of Supply, Variations in Supply, Changes in Supply, Concepts of Cost, Concept of Revenue.
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