Theory Of Supply

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

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

• positive

• negative

• no relation

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

• single firm

• group of firms

• None

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

• supplied by all firms

• supply by individual firm

• None

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

• graphical presentation

• graphical presentation of supply schedule

• None

what is supply schedule ?

• various quantities that can be sell at different prices

• relation between quantity supplied on different prices

• Both

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

• due to favourable change in other factor

• due to change in price of commodity

• Both

The market supply is determined by.........

• excise tax rate

• state of technology

• price of input

• All

Law of supply states that............................

• supply increase due to price rise while other factor remain constant

• supply decrease due to price rise

• Only A

• Both

what is the slope of supply curve......

• positive

• negative

• Both