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Production And Costs

Question
CBSEENEC12012181
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What is meant by change in quantity supplied?

Solution
When quantity supplied of a commodity changes (rises or falls) due to change in its own price, it is called change in quantity supplied. Graphically it means movement along a supply curve.

Some More Questions From Production And Costs Chapter

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?

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What is the shape of supply curve during very short (market period)?

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