Related InterviewSolutions

• Why does a supply curve have a positive slope.
• What is meant by leftward shift of supply curve?
• When does the supply curve shifted to rightward while price remains constant why the supply increases due to increase in price?
• What is the price elasticity of supply associated when a supply curve passing on 40° angle through the origin?
• Why does a producer moves downward along a supply curve due to decrease in price of commodity?
• What is meant by Law of Supply?
• When the producer increase the supply of a good at same price, give two reasons.
• Write two exceptions of law of supply.
• What do you mean by producer’s equilibrium.
• State any two conditions of producers equilibrium according to total revenue and total cost approach.