If the other things being same, what does the positive relationship anywhere between price and offer wide variety signify ?

If the other things being same, what does the positive relationship anywhere between price and offer wide variety signify ?

Concern 48. On which presumption, legislation out-of also have depends ? (a) There should be zero change in money amounts of people and you will suppliers in the market. (b) Costs out of activities out-of manufacturing are still secure (c) Scientific peak remains ongoing (d) All over

Concern 50. The reason out-of reduced amount of likewise have are: (a) Increase in Production Pricing (b) Escalation in Price of Replacements (c) Fall in amount of Firms in the business (d) All above

Matter 52. The amount of a goods which the vendor is preparing to promote in the business on fixed rates and you can time is named ? (a) Also provide (b) Demand (c) Flexibility out-of likewise have (d) Suppleness out-of Demand

Question 54. Determinating factor from supply of services and products are: (a) Price of Items (b) Cost of Associated Goods (c) Price of Grounds off Creation (d) All significantly more than

Question 55. And that of your own pursuing the statement holds true ? (a) Speed and number keeps head relationship (b) Likewise have bend increases regarding leftover to help you proper (c) Supply are affected by of a lot affairs (d) The a lot more than

Matter 56. And therefore of your after the form shows the brand new laws away from supply ? (a) S = f(P) (b) S = f(a/p) (c) S = f(Q) (d) None of more than

Question 58. Which of the following is correct ? (a) Perfectly Elastic Supply es = ? (b) High Elastic Supply es > 1 (c) Perfectly Inelastic Supply es = 0 (d) All the above

Question 59. es = 0 means that elasticity of supply is: (a) Perfectly Elastic Supply (b) Perfectly Inelastic Supply (c) Less Elastic Supply (d) Unit Elastic Supply

Matter 60. In the event your price of services and products rises by the sixty% however, have expands because of the just 5%, the supply of products might possibly be: (a) Extremely Elastic (b) Flexible (c) Inelastic (d) Very well Inelastic

Concern 62. When also have increases significantly more that have a result of brief boost in rate, the nature off also provide was : (a) Flexible (b) Inelastic (c) Really well Elastic (d) Perfectly Inelastic

Matter 63. When the proportionate change in the production of products is more compared to proportionate change in their speed, the fresh new suppleness regarding likewise have might possibly be: (a) Below Tool (b) Comparable to Equipment (c) Higher than Device (d) Infinite

Question 64. In case the price of the goods goes up by the sixty% and supply increases because of the just 5%, the production of products was : (a) Very Flexible (b) Elastic (c) Inelastic (d) Perfectly Inelastic

Question 65. The measurement of the elasticity of supply is expressed as: (a) \(\frac \) (b) \(\frac \).\(\frac

\) (c) \(\frac \).?Y (d) \(\frac \).\(\frac

\)

Concern 67. Fixed cost is even also known as: (a) Varying costs (b) Real costs (c) Second pricing (d) Short-name prices

Also provide was on the: (a) A duration of (b) Price (c) Each other (a) and you may (b) (d) None of your more than

Matter 68. Also provide drops for a passing fancy rate whenever: (a) In which there clearly was reduced amount of likewise have (b) When there is contraction inside also have (c) When have expands (d) If there’s expansion for the supply.

Question 70. About quick-work on pursuing the circumstances are included in the procedure of creation: (a) Fixed facts (b) Varying points (c) One another (a) and you may (b) (d) None ones.

Matter 23. What’s the opportunity costs ? (a) The exact opposite foregon (b) An opportunity missing (c) Transfer income (d) All these

The newest suppleness out-of a straight line supply contour from the new hub off source was: (a) Lower than unity, (b) higher than unity (c) equivalent to unity (d) comparable to zero

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Question 47. For a firm’s equilibrium: (a) MR = MC (b) MR > MC (c) MR < MC (d) MR = MC = 0