The quantity that an individual supplier is prepared to supply over a period of time is a function of

Related MCQs

• If a dealer is prepared to supply 1000 sets of a 29” Color TV if the price is `12,000 per set, however if the price raises to `15,000 he is prepared to supply 1,500 pieces. The elasticity of supply of TV set is
• The maximum quantity that a supplier is prepared to supply in the market at a given price is called
• The quantity of a commodity which an individual is willing to purchase over a specific period of time is a function of
• The quantity of a commodity that an individual is willing to purchase over a specified period of time is a function of except ……….
• The individual demand and supply curve of a product are Dx = 12-2px, Sx=3+5px, where Px stand for price and Dx and Sc respectively stands for quantity demanded and quantity supplie(d) If there are 5000 consumers and 1000 suppliers for the product under question. What will be the equilibrium price
• In question No. 201 if at `15,000, the dealer is prepared to supply on 1250 sets of TV the elasticity of supply is
• In question No. 201 if at `15,000, the dealer is prepared to supply on 1100 TV sets, the elasticity of supply is
• The minimum price that a supplier expect to make available a specific quantity for sale is called
• The Supply function of a product x is as Sx = 5px + 3. Where Px stand for price. The quantity supplied corresponding to price of `2 will be ……………
• A supply curve passing through any point on X axis(quantity) will have elasticity