Demand and Supply MCQs

When supply of a commodity increases without change in price it is called

September 27, 2022

3 Views

When supply of a commodity increases without change in price it is called

Q. When supply of a commodity increases without change in price it is called:

A. Fall in supply

B. Expansion in supply

C. Contraction in supply

D. Rise in supply

Answer: Rise in supply

When supply of a commodity increases without change in price it is called

Previous

If elasticity of supply is greater than one. Supply curve will be

When supply of a commodity increases without change in price it is called

Next

In May 2013, firm was supplying 500kg of sugar of market price of Rs. 30/- per kg. During June 2013, firm's supply of sugar had decreased to 450kg at price Rs. 20/- per kg. These changes show that supply of sugar is:

Tags: Demand and Supply MCQs

Related Articles

The term 'normal profit' as used in the analysis of equilibrium of the firm under perfect competition, refers to

The term ‘normal profit’ as used in the analysis of equilibrium of the firm under perfect competition, refers to

According to Joseph Schumpeter, profit is the reward for

According to Joseph Schumpeter, profit is the reward for

Who argued that pure profit can arise only in a dynamic economy?

Who argued that pure profit can arise only in a dynamic economy?

The classical theory explained interest as a reward for

The classical theory explained interest as a reward for

We will be happy to hear your thoughts

Leave a reply Cancel reply

You must be logged in to post a comment.