Question

Que 1. Choose the wrong statement:

(1)

1. Market supply schedule is the supply schedule of the industry as a whole.

2. Because tomato is a perishable good, supply of tomato is less elastic than the supply

of furniture.

3. Price elasticity of supply is the ratio of percentage change in quantity supplied and

percentage change in the profit of a firm.

4. Law of supply states that there is a positive relationship between price and quantity

supplied of a commodity.​

Answer 1

Answer:

soorry okk i will tell you later on

Answer 2

Answer:

1 is the wrong state ment ok