If the supply curve of the commodity is having a positive slope, a rise in the price of the commodity, results in:

Related MCQs

• Elasticity of supply for a positively sloped straight line supply curve that intersects the price axis is:
• Relation between price of a commodity and demand for another commodity is measured by:
• If the amount of the commodity purchased remains unchanged when the price of another commodity changes, the cross elasticity of demand between them will be:
• If the quantity demanded remains unchanged as the price of the commodity falls, the coefficient of price elasticity of demand is:
• If a positively sloped linear supply curve crosses the quantity axis, the elasticity of supply is:
• If a positively sloped linear supply curve passes through the origin, the elasticity of supply is
• Supply curve represents -------- relationship between quantity and price
• Supply curve represents -------- relationship between quantity and price.
• A firm produces 200 units of commodity X by employing 10 workers and 240 units of the same commodity by employing 12 workers. Then the Average Product of the worker is --------
• If the income elasticity of demand for a commodity is found to be 0.4, then the commodity concerned is: