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 12
A firm can produce 100 units of a good at Rs. 10 per unit and 150 units at Rs. 15 per unit. Calculate the elasticity of supply.
Define supply in economics.
Explain the concept of 'contraction of supply'.
Explain the difference between a shift in supply and a movement along the supply curve.
Explain the difference between individual supply and market supply.
Explain the effect of an increase in excise duty on the supply of a commodity.
Explain the effect of future price expectations on current supply.
Explain the effect of government subsidies on supply.
Explain the impact of an increase in the number of sellers on market supply.
If a new technology reduces the cost of production, what will happen to the supply curve?
If the government announces a subsidy on fertilizers, what will be the likely effect on the supply of agricultural products?
If the government imposes a tax on a product, what will happen to its supply?
If the price of a good increases from Rs. 20 to Rs. 30 and the quantity supplied increases from 200 units to 300 units, calculate the price elasticity of supply.
If the price of a substitute good increases, what is likely to happen to the supply of the original good?
If the price of raw materials increases, what happens to the supply of the final product?
List any three determinants of supply.
State the law of supply.
What is meant by 'extension of supply'?
What is meant by 'stock' and how is it different from 'supply'?
What is meant by the term 'quantity supplied'?
