Tag: economics
Questions Related to economics
When price of a commodity increase from Rs.10 to Rs.12 per unit, its supply goes up from 100 units to 140 units, the elasticity of supply would be ____.
If a fall in price of 'Y' result in a decrease in the sale of 'X', the two goods appear to be _____________.
When price of a commodity increase from Rs. 10 Rs. 12 per units, its supply goes up from 100 units to 140 units, the elasticity of supply would be _______.
The supply curve which is beginning at the origin has.
Supply is likely to be more price elastic ________,
Percent increase in the price of sugar reduces sugar consumption by about 5 percent. The increase causes households to _____________.
Which one of the following labour resources will likely have the most inelastic supply schedule in the short run?
When the greater the elasticity of supply, the change in the new equilibrium price will _____________.
The _________ refers to the amount of a certain good producers are willing to supply when receiving a certain price.
Usually, the demand for commodities, the consumption of which can be postponed, has an _________ demand as the prices rise and expected to fall again.