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Which of the following statement is no...

Which of the following statement is not vaild with repect to 'Law of Supply'

A

indicate the magnitute of change in supply due to change in demand.

B

states one sided between price and quantity supplied.

C

does not establish proportional relationship between change in price and change in supply.

D

states the direct relation between price and quantity supplied.

Text Solution

Verified by Experts

The correct Answer is:
A
law of supply does not indicate the magnitude of change in supply due to the change in price.
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SANDEEP GARG-SUPPLY -MULTIPLE CHOICE QUESTIONS (MCQs)
  1. Price Elasticity of Supply of a good is 2. It shows that:

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  2. Elasticity of supply is said to be perfectly inelastic whn.

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  3. Which of the following statement is not vaild with repect to 'Law ...

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  4. Supply is said to be unitary elastic, when :

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  5. Due to installation of machine with lastest technology, the cost of ...

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  6. The market supply of a commodity is affected by:

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  7. In case of less elastic supply, supply curve:

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  8. "Increase in Supply" of a product is caused by:

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  9. The supply curve of a given commodity is given to be S(0). On the basi...

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  10. The supply curve of a given commodity is given to be S(0). On the basi...

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  11. The supply curve of a given commodity is given to be S(0). On the basi...

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  12. If quantity supplied increases by 60 % due to a 50% increase in price,...

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  13. The supply function of a product X is given as: Sx 6Px+3, where Px sta...

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  14. The supply function of a product X is given as: Sx 6Px+3, where Px sta...

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  15. The supply function of a product X is given as: Sx 6Px +3, where Px st...

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  16. which of the following diagram correctly depicts the situation of ...

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  17. Expansion in Supply is shown in :

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  18. The given diagram is a case of …………….. Supply

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  19. The following supply curves shits from SS to S(1)S(1) due to:

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  20. Degradation o technology will have the following effect on the su...

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