The claim that, other things equal, the quantity supplied of a goods rises when the price of goods raises known as:

Related MCQs

• When the quantity demanded of a commodity rises due to a fall in price, it is called
• When the quantity demanded of a commodity rises due to a fall in price, it is called
• ………. for a product is a statement of the relation between the quantity supplied and all factors affecting that quantity
• If the percentage increase in quantity of a commodity demanded is its price, the coefficient of price elasticity of demand is:
• If the quantity of a commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
• The quantity of product X supplied can be expected to rise with a fall in:
• What effect is working when the price of a good falls and consumers tend to buy it insteadof other goods
• When the demand changes due to changes in other factors, like taste and preferences, income, price of related goods etc... , it is called
• When the quantity demanded falls due to a rise in price, it is called
• The relationship between price and quantity demanded is