Demand and Supply MCQs

In May 2013 firm was supplying 500kg of sugar of market price of Rs. 30/- per kg

In May 2013, firm was supplying 500kg of sugar of market price of Rs. 30/- per kg. During June 2013, firm’s supply of sugar had decreased to 450kg at price Rs. 20/- per kg. These changes show that supply of sugar is:

Q. In May 2013, firm was supplying 500kg of sugar of market price of Rs. 30/- per kg. During June 2013, firm’s supply of sugar had decreased to 450kg at price Rs. 20/- per kg. These changes show that supply of sugar is: A.           Perfectly elastic           B.            Perfectly inelastic C.            Less elastic      D.           More elastic […]

In May 2013, firm was supplying 500kg of sugar of market price of Rs. 30/- per kg. During June 2013, firm’s supply of sugar had decreased to 450kg at price Rs. 20/- per kg. These changes show that supply of sugar is: Read More »

During a particular year farmers experienced a dry weather, if all other factors remain constant, farmers supply curve for wheat will shift to

During a particular year farmers experienced a dry weather, if all other factors remain constant, farmers supply curve for wheat will shift to

Q. During a particular year farmers experienced a dry weather, if all other factors remain constant, farmers supply curve for wheat will shift to: A.           Rightward       B.            Leftward C.            Downward     D.           Rise in supply Answer: Leftward

During a particular year farmers experienced a dry weather, if all other factors remain constant, farmers supply curve for wheat will shift to Read More »

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