NCERT Solutions for Class 12 Help.html Introductory Microeconomics Chapter 3 Production And Costs

Production And Costs Here is the CBSE Help.html Chapter 3 for Class 12 students. Summary and detailed explanation of the lesson, including the definitions of difficult words. All of the exercises and questions and answers from the lesson's back end have been completed. NCERT Solutions for Class 12 Help.html Production And Costs Chapter 3 NCERT Solutions for Class 12 Help.html Production And Costs Chapter 3 The following is a summary in Hindi and English for the academic year 2025-26. You can save these solutions to your computer or use the Class 12 Help.html.

Question 1

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What is meant by law of supply?

Solution

The law of supply states, 'Other things being constant, quantity supplied of a commodity is directly related to the price of commodity', i.e., supply rises when price rises and supply falls when price falls.

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NCERT Solutions for Class 12 Help.html Introductory Microeconomics Chapter 3 Production And Costs

What is meant by law of supply?

What is meant by change in quantity supplied?

What is meant by change in supply?

Due to improvement of technology, marginal costs of production of televisions have gone down. How will it affect the supply curve of television?

What effect does a cost saving technological progress have on supply curve?

What effect does an increase in input price have on supply curve?

What effect does an increase in excise tax have on supply curve of product?

If a farmer grows rice and wheat, how will an increase in price of wheat affect supply curve of rice?

What is meant by market period?

How will an increase in number of firms shifts the market supply curve?

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