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How is the supply of a commodity affecte...

How is the supply of a commodity affected by changes in the prices of other commodities?

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Indicate whether the following will lead to expansion, contraction, increase or decrease in supply. (i) Installation of a new machine, resulting in fall in cost of production. (ii) An increase in the price of the given commodity. (iii) An increase in wages of the employees leading to rise in cost of production. (iv) A firm deciding to maximise sales instead of profits. (v) Imposition of tax on the production of a commodity. (vi) A fall in price of a commodity whose supply curve is being considered. (vii) An increase in the prices of other commodities.

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SANDEEP GARG-SUPPLY -SHORT ANSWER TYPE QUESTIONS
  1. Define supply. Distinguish between supply and stock.

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  2. How is the supply of a commodity affected by changes in the prices of ...

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  3. Explain any four determinants of the market supply of a commodity.

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  4. Explain any two determinants of supply of a commodity.

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  5. Define market supply of a good. Given three causes of a rightward shi...

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  6. What is meant by supply function? Shown its alggebraic expression.

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  7. Distinguish between individual supply cruves and market supply curve...

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  8. Explain the Law of supply with the help of a supply schedule and sup...

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  9. Distinguish between change in supply and change in quantity supplied ...

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  10. What is meant by change in supply ? State three factors that can ...

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  11. Explain the effect of the following on the supply of a commodity...

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  12. Explain the meaning of 'increase in supply and 'increase in quantity s...

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  13. Distinguish between increase in quantity supplied (expansion of supply...

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  14. Discuss the various points of differences between contraction and decr...

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  15. State any three causes of a rightward sthift of supply curve.

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  16. State three causes of increase in supply

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  17. Detine 'Market supply'. What is the effect on the supply of a good whe...

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  18. Explain the effect of technical progress on the supply of a good. OR...

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  19. Explain the effect of rise in the input prices on the supply of a good...

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  20. What is a supply schedule? What is the effect on the supply of a good ...

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