Supply and Its Determinants
Economics ⇒ Consumer and Producer Behaviour
Supply and Its Determinants starts at 11 and continues till grade 12.
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See sample questions for grade 11
A firm supplies 100 units of a product at ₹20 per unit. If the price rises to ₹25 and the firm now supplies 120 units, what is the change in quantity supplied?
A government subsidy of ₹2 per unit is given to producers. If the original supply function is S = 20 + 4P, what is the new supply function?
Define supply in economics.
Describe the effect of an increase in the price of raw materials on the supply of finished goods.
Describe the effect of government-imposed price floors on supply.
Describe the impact of natural calamities on the supply of agricultural products.
Explain the concept of supply schedule.
Explain the difference between individual supply and market supply.
Explain the difference between movement along the supply curve and shift of the supply curve.
Explain the effect of an increase in excise duty on the supply of a commodity.
Explain the effect of an increase in the number of sellers on the market supply.
Explain the effect of future price expectations on current supply.
If the price of a complementary good increases, what happens to the supply of the related good?
If the price of a substitute good increases, what is likely to happen to the supply of the original good?
If the supply function is S = 10 + 2P, what is the quantity supplied when the price is ₹5?
If the supply function is S = -5 + 3P, what is the minimum price at which the producer will start supplying the good?
If the supply of a good is perfectly inelastic, how will the supply curve look?
State the law of supply.
What is meant by 'change in quantity supplied'?
What is meant by 'change in supply'?
