Related InterviewSolutions

• The supply curve of a good shifts to the right when prices of other goods rise.
• In case of __ supply falls at the same price.A. decrease in supplyB. contraction in supply.C. increase in supplyD. expansion in supply
• Which of the following falls in the category of goods that do not follow the law of supply?(A) Rare goods(B) Precious goods(C) Perishable goods(D) Both (A) and (C)
• If nothing is supplied event at a marginally reduced price, what will be the elasticity of supply ?
• There are three different supply curves passing through the origin. Curve A makes an angle of `60^(@)` Curve B makes an angle of `45^(@)` and curve C makes an angle of 30°. What will be the price elasticily of curves A, B and C?
• How does an increase in the price of the an input of affect the supply curve of firm ?
• How does an icreasae in the price of an input affect the market supply curve ?
• The following supply curves shits from SS to `S_(1)S_(1)` due to: A. Decrease in TaxesB. Upgradation of techologyC. Fall in the price of inputsD. All of the above
• Distinguish : Stock and Supply.
• Why is the law of supply not applicable to rare articles?