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 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.
• If the income elasticity of demand for a commodity is found to be 0.4, then the commodity concerned is:
• In drawing an individual demand curve for a commodity, all but which of the following are kept constant:
• From the position of stable equilibrium, the market supply of a commodity decreases, while the market demand remains unchanged, then: