questionnaire on theory of supply in India
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Economics Questions and Answers Test contains 10 questions. Answers to Economics MCQS are available at the end of the last question.
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1.Supply It refers to various quantities of a commodity that the producers wish to sell at different possible prices of the commodity at a particular point of time.
2.Quantity Supplied It refers to a specific quantity supplied at a particular price, during a time period.
3.Individual Supply Supply of a particular commodity by an individual firm at a given price in the market is termed as individual supply.
4.Market Supply Quantities of a particular commodity offered for sale by all the firms at a given price in the market is known as market
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