Producer Behaviour and Supply-Supply (CBSE Class-12 Economics): Questions 7 - 14 of 39

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Question number: 7

» Producer Behaviour and Supply » Supply » Elasticity of Supply

One Liner Question▾

Write in Brief

What is the price elasticity of supply of a commodity whose straight line supply curve passes through the origin forming an angle of 75?

Question number: 8

» Producer Behaviour and Supply » Supply » Determinants of Supply

One Liner Question▾

Write in Brief

Explain the effect of the following on the supply of a commodity:

(a) Fall in the prices of factor inputs.

(b) Rise in the prices of other commodities.

Question number: 9

» Producer Behaviour and Supply » Supply » Market Supply

One Liner Question▾

Write in Brief

Explain the effect of ‘input price changes’ on the supply of a good

Question number: 10

» Producer Behaviour and Supply » Supply » Market Supply

Essay Question▾

Describe in Detail

Explain the effect of technical progress on the supply of a good.

Explanation

A cost saving technological process will reduce the marginal cost of production leading to a downward shift in marginal cost curve and since, the MC curve is the same as the supply curve of the firm, downward shift in MC curve implies a downward shift in supply curve. Hence, supply… (70 more words) …

Question number: 11

» Producer Behaviour and Supply » Supply » Elasticity of Supply

Appeared in Year: 2006

Essay Question▾

Describe in Detail

The price elasticity of supply of a commodity is 2. When its price falls from Rs. 10 to Rs. 8 per unit, its quantity supplied falls by 500 units. Calculate the quantity supplied at the reduced price.

Explanation

Assume quantity supplied be x units.

calculate the quantity supplied at the reduced price.

calculate the quantity supplied at the reduced price in detail

Price (P)

Quantity (Q)

10

X

8

x-500

Elasticity of supply of a commodity is 2

P = 10 Q = X

So, P =… (62 more words) …

Question number: 12

» Producer Behaviour and Supply » Supply » Market Supply

Appeared in Year: 2011

Essay Question▾

Describe in Detail

Define ‘Market-supply’. What is the effect on the supply of a good when Government imposes a tax on the production of that good? Explain.

Explanation

Market supply is total quantities supplied by all firms in market at different price levels. The graphical representation when government introduce tax on production of good is given below:

The supply of a good

The Supply of a Good

supply of a good when Government imposes a tax on the production of that good

In… (80 more words) …

Question number: 13

» Producer Behaviour and Supply » Supply » Determinants of Supply

Appeared in Year: 2011

Short Answer Question▾

Write in Short

Define money supply.

Question number: 14

» Producer Behaviour and Supply » Supply » Supply Schedule

Appeared in Year: 2011

Essay Question▾

Describe in Detail

What is a supply schedule? What is the effect on the supply of a good when Government gives a subsidy on the production of that good? Explain.

Explanation

A table which contains values for the price of a good and the quantity that would be supplied at that price is called supply schedule.

The supply schedule.

In detail supply schedule.

Price (Rs)

Quantity (units)

1

5

2

10

3

15

4

20

This represent graphically the effect on… (84 more words) …

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