Download App

MICROECONOMICS CH : 11 THEORY OF SUPPLY — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 11 THEORY OF SUPPLY1 Mark
Question
What is meant by the term supply?
✓

Answer

Supply of a commodity refers to different quantities of a commodity that the producer is willing to sell corresponding to different possible prices of the commodity at a point of time.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from MICROECONOMICS CH : 11 THEORY OF SUPPLY→MICROECONOMICS CH : 11 THEORY OF SUPPLY — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Define median.
→
Name the different methods which can be used to draw a random sample.
→
How is price affected by increase in supply?
→
What is the formula to know the median class of a continuous series?
→
Which average would be suitable in the following cases?
When the sum of absolute deviations from average is least.
→
Give the formula of weighted arithmetic mean.
→
Give the difference between Quartile Deviation and Standard Deviation.
→
What is a questionnaire?
→
How is the price elasticity of demand related to horizontal straight line demand curve?
→
Mention the formula for the construction of weighted index number as given by Professor Irving Fisher.
→