Question

1. Distinguish between stock and supply. Explain how the supply of a commodity
is affected by: (i) techniques of production, (ii) expectation about future prices,
(iii) natural factors.
(ICSE 2007) (See Sec. 2.2.1 and Sec 231​

Answer 1

Answer:

stock is an amount which is measured at a point of time.

where as supply is an amount which is measured over a period of time.