Theory Of Supply

Theory Of Supply

1st Grade

10 Qs

quiz-placeholder

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Theory Of Supply

Theory Of Supply

Assessment

Quiz

Other

1st Grade

Practice Problem

Medium

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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The factor causing extension in supply of a good is-----

increase in number of firms

decrease in tax rate

improvement in technology

increase in price of the good

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

relation between price and quantity supplied...............................

positive

negative

no relation

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Individual supply related with..............

single firm

group of firms

None

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Market supply means..................

supplied by all firms

supply by individual firm

None

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

supply curve means....................................

graphical presentation

graphical presentation of supply schedule

None

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

what is supply schedule ?

various quantities that can be sell at different prices

relation between quantity supplied on different prices

Both

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Increase in supply due to................

due to favourable change in other factor

due to change in price of commodity

Both

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