_____ relates to the supply of a goods or service by one firm at different prices, other things remains constant or equal.
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Question 2 of 25
2. Question
1 points
Category: Business Economics
______ is the sum of the amount of good supplied for sale by all the firms or producers in the market at different prices during a given time
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Question 3 of 25
3. Question
1 points
Category: Business Economics
The supply curve slopes-
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Question 4 of 25
4. Question
1 points
Category: Business Economics
Law of supply states that there exist ____ between the price of a product and its quantity supplied, ceteris paribus.
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Question 5 of 25
5. Question
1 points
Category: Business Economics
If the supply changes due to change in price, it is called-
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Question 6 of 25
6. Question
1 points
Category: Business Economics
If the supply changes due to change in other things, it is called as-
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Question 7 of 25
7. Question
1 points
Category: Business Economics
When a consumer moves from one point to another on the same supply curve it is called as-
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Question 8 of 25
8. Question
1 points
Category: Business Economics
When the entire supply curve shifts its position it is called as ____
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Question 9 of 25
9. Question
1 points
Category: Business Economics
If due to increase in ‘price’, quantity supplied goes upward it is known as-
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Question 10 of 25
10. Question
1 points
Category: Business Economics
If due to decrease in ‘price’, quantity supplied goes downward it is known as-
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Question 11 of 25
11. Question
1 points
Category: Business Economics
If due to change in ‘other things’ quantity supplied goes upward it is known as-
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Question 12 of 25
12. Question
1 points
Category: Business Economics
If due to change in ‘other things’ quantity supplied goes downward it is known as-
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Question 13 of 25
13. Question
1 points
Category: Business Economics
If the demand curve for a good is horizontal and the price is positive, then a leftward shift of the supply curve results in-
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Question 14 of 25
14. Question
1 points
Category: Business Economics
Which of the following can be treated as determinants if supply?
1. cost of factor inputs such as land, labour, capital, raw materials etc.
2. change in technology.
3. prices of related commodity.
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Question 15 of 25
15. Question
1 points
Category: Business Economics
Which of the following can be treated as determinants of supply?
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Question 16 of 25
16. Question
1 points
Category: Business Economics
Which of the following can be treated as determinants of supply?
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Question 17 of 25
17. Question
1 points
Category: Business Economics
In economics, equilibrium is a situation in which:_____
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Question 18 of 25
18. Question
1 points
Category: Business Economics
In economics, equilibrium is a situation in which___
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Question 19 of 25
19. Question
1 points
Category: Business Economics
The equilibrium is the state when-
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Question 20 of 25
20. Question
1 points
Category: Business Economics
If graphical presentation is made for demand and supply curve equilibrium is attained when-
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Question 21 of 25
21. Question
1 points
Category: Business Economics
____ is defined as the responsiveness of the quantity demanded of a good to changes in one of the variables on which demand depends or we can say that it is the percentage change in quantity demanded divided by the percentage in one of the variables on which demand depends.
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Question 22 of 25
22. Question
1 points
Category: Business Economics
____ of demand is the degree of responsiveness of the demand for a commodity to a change in its price.
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Question 23 of 25
23. Question
1 points
Category: Business Economics
Demand for a good will tend to be more elastic if it exhibits which of the following characteristics?
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Question 24 of 25
24. Question
1 points
Category: Business Economics
Identify the factor which generally keeps the price-elasticity of demand for a good low-
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Question 25 of 25
25. Question
1 points
Category: Business Economics
Demand for a good will tend to be more inelastic if it exhibits which of the following characteristics?
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