Demand and Supply MCQs

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

September 27, 2022

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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

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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

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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:

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